Section 32-2-70. Bonds of successful bidder

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   Where the contract price exceeds $100,000.00, no department construction contract shall be valid unless the contractor first gives:

   (1) The performance and payment bonds in accordance with Chapter 10 of Title 13; and

   (2) Such other bonds or insurance policies required by the department in its proposal forms, including but not limited to public liability and property damage insurance bonds or policies.

Code 1933, § 95A-811, enacted by Ga. L. 1973, p. 947, § 1; Ga. L. 2001, p. 4, § 32; Ga. L. 2001, p. 820, § 2; Ga. L. 2007, p. 167, § 2/HB 192.

                    
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