10-7-16. Call for bids -- Notice -- Contents.
(1) Before holding an election under Subsection, the municipal legislative body shall open to bid the sale or lease of the property mentioned in Section. 10-7-15(1)(a)(ii) 10-7-15 The municipal legislative body shall publish notice of the bid process for the municipality, as a class A notice under Section, for at least three consecutive weeks. 63G-30-102 The notice described in Subsectionshall: (1) give a general description of the property to be sold or leased; specify the time when sealed bids for the property, or for a lease on the property, will be received; and specify the time when and the place where the bids will be opened.
(2) As used in this section and in Section, "responsible bidder" means an entity with a proven history of successful operation of an electrical generation and distribution system, or an equivalent proven history. 10-7-17 Subject to Subsection, a municipal legislative body may receive or refuse to receive any bid submitted for the sale or lease of the electrical works and plant. (2)(c) A municipal legislative body may not receive a bid unless the municipal legislative body determines that the bid is submitted by a responsible bidder.