Georgia § 13-10-21 - Alternatives to bid bond.
Full text of Georgia Official Code of Georgia Annotated § 13-10-21 — Alternatives to bid bond., with citation guidance and answers to common questions.
§ 13-10-21. Alternatives to bid bond.
In lieu of the bid bond provided for in Code Section 13-10-20, the state may accept a cashier's check, certified check, or cash in the amount of not less than 5 percent of the total amount payable by the terms of the contract payable to and for the protection of the state. When the amount of any bid bond required under this article does not exceed $300,000.00, the state may, in its sole discretion, accept an irrevocable letter of credit issued by a bank or savings and loan association, as defined in Code Section 7-1-4 , in the amount of and in lieu of the bond otherwise required under Code Section 13-10-20 . (Code 1981, § 13-10-21 , enacted by Ga. L. 2001, p. 820, § 1.) Editor's notes. - Ga. L. 2001, p. 820, § 1, effective July 1, 2001, redesignated former Code Section 13-10-21 as present Code Section 13-10-82.
Frequently Asked Questions About Georgia § 13-10-21
What does Official Code of Georgia Annotated § 13-10-21 cover?
Section 13-10-21 ("Alternatives to bid bond.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 13-10-21?
A common citation format is "Official Code of Georgia Annotated § 13-10-21" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 13-10-21 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.