California Statutes
§ 20426. — 20426. (Amended by Stats. 1983, Ch. 18, Sec. 32.)
California·Code PCC Public Contract Code - PCC·Div. 2. DIVISION 2. GENERAL PROVISIONS·Part 3. PART 3. CONTRACTING BY LOCAL AGENCIES·Ch. 1. CHAPTER 1. Local Agency Public Construction Act·Art. 27. ARTICLE 27. Legislative Bodies—Improvement Act of 1911
All contractors, contracting owners included, shall, at the time of executing any contract for the work, execute a bond to the satisfaction and approval of the superintendent of streets and payable to the city, in a sum not less than 25 percent of the amount of the contract, conditioned upon the faithful performance of the contract.
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California § 20426. (20426. (Amended by Stats. 1983, Ch. 18, Sec. 32.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1983, Ch. 18, Sec. 32. Effective April 21, 1983.