sec.227Valuable non-current asset contract—tenders or auction needed first

### sec.227 Valuable non-current asset contract—tenders or auction needed first A local government can not enter into a valuable non-current asset contract unless it first— invites written tenders for the contract under section 228 ; or offers the non-current asset for sale by auction. This section is subject to division 4 . (sec.227-ssec.1) A local government can not enter into a valuable non-current asset contract unless it first— invites written tenders for the contract under section 228 ; or offers the non-current asset for sale by auction. (sec.227-ssec.2) This section is subject to division 4 . - (a) invites written tenders for the contract under section 228 ; or - (b) offers the non-current asset for sale by auction.