California Law (Last Updated: March 4, 2014) |
Health and Safety Code - HSC |
Division 5. SANITATION |
Part 3. COMMUNITY FACILITIES |
Chapter 5. Sewer Revenue Bonds |
ARTICLE 5. Powers |
Section 5018.
Latest version.
-
Each contractor shall, at the time of entering into the contract, execute a surety bond to the satisfaction and approval of the governing body in a sum not less than twenty-five per cent of the amount of the contract, conditioned upon its faithful performance.
(Enacted by Stats. 1939, Ch. 60.)