SB2800 - Public works construction; performance bond not required if contract is less than $50,000.00 and paid in two equal installments.
Mississippi - 2024 Regular Session
Introduced byJohn Horhn
Last updated 7 months ago
1 Co-Sponsor
An Act To Amend Section 31-5-51, Mississippi Code Of 1972, To Provide That A Performance Bond Is Not Required When A Contract For The Construction, Alteration Or Repair Of Any Public Building Or Public Work Is Less Than $50,000.00 And The Public Body Elects To Make Two Payments Valued At 50% Of The Contract Amount; And For Related Purposes.
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