"Bid Bond" Defined

Checkout our iOS App for a better way to browser and research.

Sec. 6. As used in this chapter, "bid bond" means the approved form of security furnished with a bid to guarantee that the bidder will enter into the contract if the bidder's bid is accepted.

As added by P.L.85-1991, SEC.3.


Download our app to see the most-to-date content.