California Law (Last Updated: March 4, 2014) |
Public Contract Code - PCC |
Division 2. GENERAL PROVISIONS |
Part 3. CONTRACTING BY LOCAL AGENCIES |
Chapter 1. Local Agency Public Construction Act |
ARTICLE 27. Legislative Bodies—Improvement Act of 1911 |
Section 20457.
Latest version.
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Every contractor, to whom is awarded any contract for street work under this division, shall at the time of signing and executing the contract, file with the superintendent of streets a good and sufficient bond, approved by the street superintendent in a sum not less than one-half of the total amount payable by the terms of the contract.
(Added by Stats. 1982, Ch. 465, Sec. 11.)