Waiver of security requirements on bids less than two thousand dollars.

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7-25-9.1. Waiver of security requirements on bids less than two thousand dollars.

Notwithstanding the provisions of §7-25-9, the requirement of a bid bond, certified check, money order, cash, or other security may be waived when the bid submitted does not exceed two thousand dollars.

Source: SL 1968, ch 276; SL 1979, ch 46, §2.


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