Section 125.39 | Forfeiture of bond.
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Effective:
October 25, 1995
Legislation:
Senate Bill 99 - 121st General Assembly
If the contractor fails to furnish paper according to the terms of the contract, the department of administrative services shall purchase the required paper on the open market after notifying the contractor in writing of such action, and the cost in excess of the contract shall be collected from the contractor or the posted bond, if a bond was provided.
Available Versions of this Section
- October 25, 1995 – Senate Bill 99 - 121st General Assembly [ View October 25, 1995 Version ]
- September 29, 2015 – House Bill 64 - 131st General Assembly [ View September 29, 2015 Version ]