Título 36. LOCAL GOVERNMENT · Capítulo 91. PUBLIC WORKS BIDDING · Artículo 3. BONDS · Parte 3. PERFORMANCE BONDS
36-91-70. Requirement of performance bonds.
Actualizado hasta: Including Acts of the 2025 Session of the General Assembly of Georgia.
El texto siguiente es la ley tal como la imprime el estado, en inglés.
Performance bonds shall be required for all public works construction contracts subject to the requirements of this chapter with an estimated contract amount greater than $100,000.00; provided, however, that a governmental entity may require a performance bond for public works construction contracts that are estimated at $100,000.00 or less. No public works construction contract requiring a performance bond shall be valid for any purpose unless the contractor shall give such performance bond. The performance bond shall be in the amount of at least the total amount payable by the terms of the contract and shall be increased as the contract amount is increased.
History
Code 1981, § 36-91-50, enacted by Ga. L. 2000, p. 498, § 1; Code 1981, § 36-91-70, as redesignated by Ga. L. 2001, p. 820, § 12.
Editor's notes
Ga. L. 2001, p. 820, § 12, effective July 1, 2001, redesignated former Code Section 36-91-70 as present Code Section 36-91-90.
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 Session of the General Assembly of Georgia.
Texto leído de t36-ch60-92-(v27a)-2025-pdf.pdf, Volumen V27A, edición 2025, página 644; acción de fusión: bound only; SHA-256 del archivo 5150ee8c60f7.