California § 16753 - Each bid at a competitive sale shall be submitted to the Treasurer in the form an
Full text of California Public Contract Code - PCC § 16753 — Each bid at a competitive sale shall be submitted to the Treasurer in the form an, with citation guidance and answers to common questions.
§ 16753. Each bid at a competitive sale shall be submitted to the Treasurer in the form an
(a) Each bid at a competitive sale shall be submitted to the Treasurer in the form and by the means specified by the Treasurer by public announcement. (b) Each proposal for purchase of bonds in a negotiated sale shall be made in a bond purchase contract or similar agreement approved by the Treasurer. (c) (1) The Treasurer shall require that each bidder in a competitive sale or underwriter in a negotiated sale provide a good faith deposit of at least one-half of 1 percent of the principal amount of the bonds for which the bidder or underwriter submits a bid or proposal. The good faith deposit shall be based upon the principal amount of bonds offered for sale in the amount that has been publicly announced at least one day prior to receipt of bids for a competitive sale, or in the amount that is reasonably determined by the Treasurer at least one day prior to a negotiated sale of bonds. The Treasurer shall specify the form of the deposit, which may be a cashierâs check, a surety bond, a wire transfer of funds, or a combination thereof. The deposit shall not bear interest. (2) This subdivision shall apply only to bonds sold with a fixed interest rate.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 16753
What does Public Contract Code - PCC § 16753 cover?
Section 16753 ("Each bid at a competitive sale shall be submitted to the Treasurer in the form an") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 16753?
A common citation format is "Public Contract Code - PCC § 16753" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 16753 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.