12 CCR s 345.3

Cal. Admin. Code tit. 12, s 345.3

CALIFORNIA CODE OF REGULATIONS
TITLE 12. MILITARY AND VETERANS AFFAIRS
DIVISION 2. DEPARTMENT OF VETERANS' AFFAIRS
CHAPTER 2. VETERANS' FARM AND HOME PURCHASES
SUBCHAPTER 3. CONTRACT AND OTHER TERMS
This database is current through 12/22/06, Register 2006, No. 51.
s 345.3. Sealed Offer Opening.

(a) The district office shall hold all sealed offers unopened until five
days after the deadline date specified in the fourteen-day advertisement
as set forth in Section 345.1. The district office shall not accept any
sealed offer for consideration which is not postmarked or received by the
close of business on the deadline date.

(b) The district office shall open all sealed offers on the same day.

(c) If no cash offer at or above market value is received, then the
district office shall select the bid offering the best overall terms and
price.

(d) If no acceptable offers are received, then the district office shall
have the right to reject any and all offers. An offer is acceptable only
if all of the following requirements are met:

(1) The offer is postmarked, or received by the Department, by the
deadline date specified in the advertisement referred to in Section
345.1;

(2) The offer specifies the location of the property to be
purchased, the bidder's name and mailing address;

(3) The bid price offered is specified. If the offer is for less
than a bid to purchase for the full cash value, then the offer shall
specify the terms and conditions of purchase;

(4) The offer document is signed by the bidder.

(e) The district office shall notify all rejected bidders within ten days
after the sealed offer opening.

Note: Authority cited: Section 700, Military and Veterans Code.
Reference: Sections 985.2, 987.6, 987.51 and 987.78(a), Military and
Veterans Code.

HISTORY

1. New section filed 11-12-91; operative 12-12-91 (Register 92, No. 7).

12 CCR s 345.3, 12 CA ADC s 345.3
1CAC

12 CA ADC s 345.3

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