If any person making any bid or proposal under this part 2 fails or refuses to enter into a contract pursuant to the terms of his or her bid or proposal within the time mentioned in his or her bond presented with such bid or proposal or fails to fulfill his or her contract or if there is any unreasonable delay in performing the things required under the terms of such contract, it is the duty of the executive director of the department of personnel to notify the attorney general of the state, who shall at once bring suit on the bond of such contractor against such contractor and his or her sureties and shall prosecute the same to judgment and final execution.
Source: L. 37: p. 956, § 21. CSA: C. 130, § 86. CRS 53: § 109-2-20. C.R.S. 1963: § 109-2-18. L. 81: Entire section amended, p. 1295, § 29, effective January 1, 1982. L. 96: Entire section amended, p. 1528, § 81, effective June 1.