---
kind: "section"
citation: "31 C.F.R. § 340.8"
title: "31"
number: "340.8"
heading: "Acceptance of bids."
url: "https://uscodex.org/cfr/31/340.8"
---

# §340.8. Acceptance of bids.

- (a) **Opening of bids.** Bids will be opened at the time and place specified in the public notice.
- (b) **Method of determining accepted bids.** The lowest basis cost of money 2 computed from the date of the bonds to the date of maturity will be used in determining successful bids.
- (c) **Acceptance of successful bid.** The Secretary of the Treasury, or his representative, will notify any successful bidder of acceptance in the manner and form specified in the public notice.

## Notes

### Authority

Authority: Sec. 8, 50 Stat. 481, as amended; R.S. 3706; secs. 1, 4, 18, 5, 40 Stat. 288, as amended, 290, as amended, 1309, as amended, 290, as amended; secs. 19, 20, 48 Stat. 343, as amended; 31 U.S.C. 738a, 739, 752, 752a, 753, 754, 754a, 754b.

### Source

Source: 27 FR 12481, Dec. 18, 1962, unless otherwise noted.