California Health and Safety Code 5018 – Each contractor shall, at the time of entering into the contract, …
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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.
(Enacted by Stats. 1939, Ch. 60.)
Terms Used In California Health and Safety Code 5018
- Contract: A legal written agreement that becomes binding when signed.
- Governing body: as used in this chapter , means the governing body of the district. See California Health and Safety Code 4952