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75-14
75.14 ELECTRONIC BIDDING.
Notwithstanding contrary provisions of this chapter, a public body
authorized to issue bonds, notes, or other obligations may elect to
receive bids to purchase such bonds, notes, or other obligations by
means of electronic, internet or wireless communication; a
proprietary bidding procedure or system; or by facsimile transmission
to a location deemed appropriate by the governing body, in each
instance as may be approved by the governing body and provided for in
the notice of sale. An electronic bid shall be submitted in
substantial conformity with the requirements of chapter 554D and any
rules adopted pursuant to that chapter with respect to the acceptance
of electronic records by a governmental agency. Additionally, before
approving the use of an electronic bidding procedure, the public body
shall find and determine that the specific procedure to be used will
provide reasonable security and maintain the integrity of the
competitive bidding process, and facilitate the delivery of bids by
interested parties under the circumstances of the particular sale.
Section History: Recent Form
2000 Acts, ch 1189, §26
