In addition to any other requirement imposed by law, at least 15 days prior to the sale of any public securities which exceed one million dollars ($1,000,000) at a public sale, an issuer shall publish notice of the intention to sell the securities in a financial publication generally circulated throughout the state or reasonably expected to be disseminated among prospective bidders for the securities. The notice shall include the date, time, and place of the intended sale and the amount of the securities to be sold.
(Amended by Stats. 1988, Ch. 984, Sec. 3.)