Título 13. CONTRACTS · Capítulo 10. CONTRACTS FOR PUBLIC WORKS · Artículo 1. GENERAL PROVISIONS · Parte 2. Bid Bonds
13-10-21. Alternatives to bid bond.
Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.
El texto siguiente es la ley tal como la imprime el estado, en inglés.
- (a)
In lieu of the bid bond provided for in Code Section 13-10-20, the state may accept a cashier’s check, certified check, or cash in the amount of not less than 5 percent of the total amount payable by the terms of the contract payable to and for the protection of the state.#
- (b)
When the amount of any bid bond required under this article does not exceed $300,000.00, the state may, in its sole discretion, accept an irrevocable letter of credit issued by a bank or savings and loan association, as defined in Code Section 7-1-4, in the amount of and in lieu of the bond otherwise required under Code Section 13-10-20.#
History
Code 1981, § 13-10-21, enacted by Ga. L. 2001, p. 820, § 1.
Editor's notes
Ga. L. 2001, p. 820, § 1, effective July 1, 2001, redesignated former Code Section 13-10-21 as present Code Section 13-10-82.
Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).
Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.
Texto leído de t13-(v11)-2010-pdf.pdf, Volumen V11, edición 2010, página 608; acción de fusión: carried; SHA-256 del archivo 18573afb153d.