If the State, or county, city, public service district, or other political subdivision of the State, or agency, department, institution, or other public entity of the State, enters into a procurement contract and requires the bidder to provide a surety bond to secure the bid or the performance or payment of the contract, the state political subdivision of the State, or public entity of the State may not exact that the surety bond be furnished by a particular surety company or through a particular agent or broker.
HISTORY: 2002 Act No. 253, Section 1. Formerly Code 1976 Section 11-35-35, recodified by 2019 Act No. 41, Section 79, eff May 13, 2019.