5-21-1.1. Waiver of performance security requirement on contracts under certain amount.
The requirement of a performance security may be waived by a public corporation if the bid submitted does not exceed the limit established pursuant to §5-18A-14 for a public improvement.
Source: SL 1968, ch 276; SL 1977, ch 51, §2; SL 1985, ch 42, §3; SL 1988, ch 56, §3; SL 2015, ch 52, §1.