If the payment bond required by Code Section 32-4-119 is not taken, the municipality then shall be liable to subcontractors, laborers, materialmen, and other persons, as provided in Part 4 of Article 3 of Chapter 91 of Title 36, for losses to them resulting from failure to take such bond.
(Code 1933, § 95A-841, enacted by Ga. L. 1973, p. 947, § 1; Ga. L. 2000, p. 498, § 15; Ga. L. 2001, p. 820, § 9.)