The department shall require of each contractor such bonds for the faithful performance of any contract or subcontract entered into pursuant to this chapter and for the payment for any labor, materials, or supplies used in, upon, for or about the performance of the work contracted to be done, fixing such terms and conditions, and in such amounts, as it deems to be for the best interests of the State. Money realized on any such bonds shall be paid into the acquisition and construction fund of the particular toll bridge or other highway crossing involved.
Cal. Sts. & High. Code § 30154
General Powers and Duties of the Department of Transportation
Known as the California Toll Bridge Authority Act
The act spans §§ 30000–30506 (83 sections).
Applied in 1 court decision — leading case S & C Electric Co. v. Fidelity & Casualty Co. (1962)
Most recently applied in S & C Electric Co. v. Fidelity & Casualty Co. (June 1962)
Added by Stats. 1947, Ch. 176.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.