Section 54: Deposits or other security for proposals by bidders
52 words·~1 min read·
/ma/part-i/title-iii/chapter-29/54A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 54. The state treasurer may require each bidder submitting a proposal under section 53, as a condition precedent to the consideration of such bidder's proposal, to submit a good faith deposit or otherwise secure such bidder's proposal, in such manner and amount as the state treasurer shall determine to be appropriate.