227
CurrentValuable non-current asset contract—tenders or auction needed first
Chapter 6Contracting
Part 3Default contracting procedures
Division 2Entering into particular contracts
227 Valuable non-current asset contract—tenders or auction needed first
(1)
A local government can not enter into a valuable non-current asset contract unless it first—
(a)
invites written tenders for the contract under section 228; or
(b)
offers the non-current asset for sale by auction.
(2)
This section is subject to division 4.
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