Each lottery contractor for a major procurement shall, at the time of executing the contract with the director, post a performance bond with the director, using a surety acceptable to the director, in an amount equal to the full amount estimated to be paid annually to the contractor under the contract.
Neb. Rev. Stat. § 9-836
Major procurement; lottery contractor; performance bond
Laws 1991, LB 849, § 36; Laws 1993, LB 138, § 55.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.