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California Public Contract Code

§ 20462

PCC § 20462Div. 2 · Part 3 · Ch. 1 · Art. 27

Statute text

View on leginfo.ca.gov
If any contractor disputes the correctness or validity of any claim filed pursuant to this chapter, the city or superintendent of streets may permit the contractor to deliver to the city or superintendent of streets a bond satisfactory to said city or superintendent of streets executed by the contractor and some corporation authorized to issue surety bonds in a penal sum equal to one and one-fourth times the amount of the claim.

Legislative history

Added by Stats. 1982, Ch. 465, Sec. 11.

Source: California Public Contract Code § 20462 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.