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.
Cal. Pub. Cont. Code § 20457
Legislative Bodies—Improvement Act of 1911
Known as the Local Agency Public Construction Act
The act spans §§ 20100–20929 (618 sections).
Added by Stats. 1982, Ch. 465, Sec. 11.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.