The obligee in any performance bond required to be given in accordance with this article shall be entitled to maintain an action thereon at any time upon any breach of such bond; provided, however, no action can be instituted on the bonds or security deposits after one year from the completion of the contract and the acceptance of the public work by the governmental entity.
O.C.G.A. § 36-91-72
Action on performance bond
Known as the Georgia Local Government Public Works Construction Law
The act spans §§ 36–36 (36 sections).
— Code 1981, § 36-91-52, en- Editor’s notes. — Ga
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.