N.C. Gen. Stat. § 159-127

Current through Session Law 2024-56

Section 159-127 - Award of bonds

All bids received pursuant to a public sale shall be opened in public on a date and at a time and place to be specified in the notice of sale. Bonds sold at public sale shall be awarded to the bidder offering to purchase the bonds at the lowest interest cost to the issuing unit calculated in the manner established by the Secretary of the Commission in the notice of sale.

Amended by 2005 N.C. Sess. Laws 238, s. 8, eff. 8/1/2005.

1931, c. 60, s. 18; 1935, c. 356, s. 1; 1939, c. 231, s. 3; 1971, c. 780, s. 1.