If the issue is $1 million or less or if no legally acceptable bids are received at the first public offering, the bonds may be sold at private sale within 60 days after the advertised date for public bidding, as long as terms are substantially similar.

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Prepare for the Rutgers Municipal Capital and Trust Fund Accounting Test. Use our study guide with flashcards and multiple choice questions. Each question provides hints and explanations for clearer understanding. Ensure your success on the test with our comprehensive resources!

Multiple Choice

If the issue is $1 million or less or if no legally acceptable bids are received at the first public offering, the bonds may be sold at private sale within 60 days after the advertised date for public bidding, as long as terms are substantially similar.

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