Nebraska Statutes 9-836. Major procurement; lottery contractor; performance bond
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Each lottery contractor for a major procurement shall, at the time of executing the contract with the director, post a performance bond with the director, using a surety acceptable to the director, in an amount equal to the full amount estimated to be paid annually to the contractor under the contract.
Source
- Laws 1991, LB 849, § 36;
- Laws 1993, LB 138, § 55.
Terms Used In Nebraska Statutes 9-836
- Contract: A legal written agreement that becomes binding when signed.