Acceptable substitutes for bond
Known as the Georgia Local Government Public Works Construction Law
The act spans §§ 36–36 (36 sections).
— Code 1981, § 36-91-51, en- § 12, effective July 1, 2001, redesignated acted by Ga
When the amount of the performance bond required under this article does not exceed $750,000.00, the governmental entity may, in its
sole discretion, accept an irrevocable letter of credit by a bank or savings and loan association, as defined in Code Section 7-1-4, in the amount of and in lieu of the bond otherwise required under this article.
Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.