California Public Contract Code

§ 10511

PCC § 10511 Effective Jan 1, 2015Div. 2 · Part 2 · Ch. 2.1 · Art. 3

Statute text

(a)(1) The Regents of the University of California shall give public notice to bidders of the sale of University of California real property situated in California if the estimated value of the real property to be sold exceeds the amount specified in paragraph (2).

(2)Paragraph (1) shall apply to real property whose estimated value exceeds one million dollars ($1,000,000) net to the seller.

(b)Notice of the sale of real property shall be by publication a minimum of six times, between 2 and 12 weeks preceding the day set for receiving bids, as follows:

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Legislative history

Amended by Stats. 2014, Ch. 361, Sec. 1. (AB 2726) Effective January 1, 2015.