One Click Case Law for § 13-10-41
O.C.G.A. § 13-10-40 <-- --> O.C.G.A. §13-10-42

2010 Georgia Code

TITLE 13 - CONTRACTS

CHAPTER 10 - CONTRACTS FOR PUBLIC WORKS
ARTICLE 1 - GENERAL PROVISIONS
PART 3 - PERFORMANCE BONDS
§ 13-10-41 - Alternatives to performance bond

O.C.G.A. 13-10-41 (2010)
13-10-41. Alternatives to performance bond


When the amount of the performance bond required under this article does not exceed $300,000.00, the state may, in its sole discretion, accept an irrevocable letter of credit by a bank or savings and loan association, as defined in Code Section 7-1-4, in the amount of and in lieu of the bond otherwise required under this article.