13-1-186. Assistance to small business; bid bonds; reduction.
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/nm/chapter-13-public-purchases-and-property/article-1-procurement/13-1-186·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The state purchasing agent or central purchasing office may reduce bid bond, performance bond or payment bond requirements authorized by the Procurement Code to encourage procurement from small businesses.
History: Laws 1984, ch. 65, § 159.