§ 8208-3.1. Bond security amount.

Latest version.

If the improvement security is in the form of bonds, the bond securing faithful performance shall be in an amount equal to the estimated cost, as approved by the County Surveyor, of the improvements or the act to be performed, and the bond for the security of laborers and materialmen shall also be in an amount equal to such estimated cost of the improvements or the act to be performed.

                    
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