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Georgia State Code
Title      13
Chapter      10  
Section Navigation        1 ... 42         60 ... 83      
Section1 2 20 21 22 23 24 40 41 42 >>>  
Title 13, Chapter 10, Section 21 (13-10-21)

(a) In lieu of the bid bond provided for in Code Section 13-10-20, the state may accept a cashier's check, certified check, or cash in the amount of not less than 5 percent of the total amount payable by the terms of the contract payable to and for the protection of the state.

(b) When the amount of any bid bond required under this article does not exceed $300,000.00, the state may, in its sole discretion, accept an irrevocable letter of credit issued 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 Code Section 13-10-20.

Sunday May 24 11:12 EDT


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