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67A.765 Sale of bonds -- Bids -- Advertisement.

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67A.765 Sale of bonds -- Bids -- Advertisement. After the Third Ordinance has been adopted (and without regard for its date of <br>publication), the urban-county government may solicit the submission of bids or <br>proposals for the purchasing of the bonds authorized by the Third Ordinance, the same to <br>be received upon a sealed competitive basis after advertisement by publication pursuant <br>to KRS Chapter 424. Such bids or proposals may be solicited on the basis of competition <br>as to price or interest coupon rates, as may be specified in the published notice, and bids <br>offering less than the par or face value of the bonds may be considered and accepted if so <br>stated in the published notice of the sale. If no bids are received upon terms acceptable to <br>the governing body and conforming to the published notice, bids may again be solicited <br>by similar published notice, until a purchase bid is received upon terms acceptable to the <br>governing body, but the bonds, or a portion thereof, may be awarded to a contractor, <br>according to the provisions of KRS 67A.710 to 67A.825. Effective: June 21, 1974 <br>History: Created 1974 Ky. Acts ch. 394, sec. 12, effective June 21, 1974.