Each vendor, at the time of executing a contract, shall post a performance bond in a manner and form as required by the commission. The commission may accept other security in lieu of a bond when in its judgment the security is sufficient to guarantee the faithful performance of the contract.
Idaho Code § 67-7427
Vendor performance bonds
I.C., § 67-7427, as added by 1988, ch. 232, § 2, p. 446; am. 1989, ch. 352, § 16, p. 879.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.