Official Code of Georgia Annotated

Title 32. HIGHWAYS, BRIDGES, AND FERRIES · Chapter 4. STATE, COUNTY, AND MUNICIPAL ROAD SYSTEMS · Article 4. MUNICIPAL STREET SYSTEMS · Part 2. EXERCISE BY MUNICIPALITIES OF POWER TO CONTRACT GENERALLY

32-4-121. Failure of successful bidder to sign contract or furnish bonds.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

If the successful bidder fails to sign the contract or furnish the bonds required under authority of Code Section 32-4-119, his proposal guaranty, if one had been required by the municipality, will become the property of the municipality as liquidated damages. The contract then may be readvertised, or the project may be abandoned.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1933, § 95A-842, enacted by Ga. L. 1973, p. 947, § 1.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t32-(v23a)-2019-pdf.pdf, Volume V23A, 2019 edition, page 191; merge action: carried; file SHA-256 04a286a38b4e.