Cal. Health & Saf. Code § 5018

Current through the 2023 Legislative Session.
Section 5018 - Surety bond at time of entering into contract

Each contractor shall, at the time of entering into the contract, execute a surety bond to the satisfaction and approval of the governing body in a sum not less than twenty-five per cent of the amount of the contract, conditioned upon its faithful performance.

Ca. Health and Saf. Code § 5018

Enacted by Stats. 1939, Ch. 60.