Determination of Highest Bidder for Bonds.

  1. Law
  2. Code of Alabama
  3. Counties and Municipal Corporations.
  4. Provisions Applicable to Counties and Municipal Corporations.
  5. Water, Sewer and Fire Protection Authorities.
  6. Construction of Sewage Treatment or Disposal Plants, etc., in Resort Areas by Authorities.
  7. Determination of Highest Bidder for Bonds.

Checkout our iOS App for a better way to browser and research.

Section 11-88-96

Determination of highest bidder for bonds.

In determining the highest bidder for bonds offered for public sale the lowest net interest cost to the authority as determined by the board shall govern. The determination of the board as to what constitutes such lowest net interest cost shall be final and conclusive.

(Acts 1973, No. 826, p. 1293, §56.)


Download our app to see the most-to-date content.