GroundRules
O.C.G.A. § 36-91-71: Acceptable substitutes for bond.
Where this section sits in the code
- TITLE 36 Local Government
- Provisions Applicable to Counties, Municipal Corporations, and Other Governmental Entities
- CHAPTER 91 Public Works Bidding
- Article 3 Bonds
- PART 3 Performance Bonds
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.
Collected 2026-09-17T19:34:57Z. Source file · JSON