{"data":{"id":"us-fl/fla.-stat.-287.0935","jurisdiction":"us-fl","citation":"Fla. Stat. § 287.0935","heading":"Surety bond insurers.","body":"When the contract amount of a project does not exceed $500,000 and when public funds are utilized for the project, a person, the state, or a political subdivision shall not refuse, as surety for the project, bid bonds, performance bonds, labor and materials payment bonds, or any other surety bonds which are issued by a surety company which fulfills each of the following provisions:\n(1) The surety company is licensed to do business in the State of Florida;\n(2) The surety company holds a certificate of authority authorizing it to write surety bonds in this state;\n(3) The surety company has twice the minimum surplus and capital required by the Florida Insurance Code at the time the invitation to bid is issued;\n(4) The surety company is otherwise in compliance with the provisions of the Florida Insurance Code; and\n(5) The surety company holds a currently valid certificate of authority issued by the United States Department of the Treasury under 31 U.S.C. ss. 9304-9308.\nHistory.—s. 29, ch. 85-104; s. 10, ch. 91-162.","path":["CHAPTER 287 PROCUREMENT OF PERSONAL PROPERTY AND SERVICES"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0200-0299/0287/0287.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:02:33Z","sha256":"e0fb7670223790fcfb5c35b14fef10de9db128b3d324849a63ce856dff83b4e3","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-287.0931","next":"us-fl/fla.-stat.-287.094"},"notice":"GroundRules: Original legal text. Not legal advice."}