1. (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.
2. (b) The district office shall open all sealed offers on the same day.
3. (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.

4. (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. (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. (2) The offer specifies the location of the property to be purchased, the bidder's name and mailing address;
   3. (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. (4) The offer document is signed by the bidder.
5. (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).