9-21-132 - Sale of bonds at private sale by local government.

9-21-132. Sale of bonds at private sale by local government.

(a)  A local government shall have discretion until June 30, 2010, to sell bonds at private sale upon terms and conditions that it determines and upon approval by the governing body of the local government.

(b)  This section shall apply to counties having a population greater than three hundred seven thousand (307,000), according to the 2000 federal census or any subsequent federal census, and the municipality that is the county seat of the county.

[Acts 2009, ch. 223, § 1.]