Waiver of performance security requirement on contracts under certain amount

The requirement of a performance security may be waived by a public corporation if the bid submitted does not exceed the limit established pursuant to § 5-18A-14 for a public improvement. Source: SL 1968, ch 276 ; SL 1977, ch 51 , § 2; SL 1985, ch 42 , § 3; SL 1988, ch 56 , § 3; SL 2015, ch 52 , § 1. 5-21-1.2. Repealed by SL 2016, ch 41 , § 2.