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 34. Boulevard Districts |
Section 20553.
Latest version.
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Before the making of any contract the bidder shall give a bond to the district for the faithful performance of his contract, which shall be signed by the bidder and sureties satisfactory to the commission in an amount equal to at least 50 percent of the amount of the contract price.
(Added by Stats. 1982, Ch. 465, Sec. 11.)