Georgia § 13-10-41 - (See Editor's notes.) Alternatives to performance bond.
Full text of Georgia Official Code of Georgia Annotated § 13-10-41 — (See Editor's notes.) Alternatives to performance bond., with citation guidance and answers to common questions.
§ 13-10-41. (See Editor's notes.) Alternatives to performance bond.
When the amount of the performance bond required under this article does not exceed $300,000.00, the state may, in its sole discretion, accept an irrevocable letter of credit 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 this article. (Code 1981, § 13-10-41 , enacted by Ga. L. 2001, p. 820, § 1.) For application of this statute in 2020, see Executive Orders 06.11.20.01, 06.29.20.02, 07.15.20.01, 07.31.20.02, 08.15.20.01, and 08.31.20.02. A listing of Executive Orders issued in 2020 can be found at https://gov.georgia.gov/executive-action/executive-orders/2 020-executive-orders.
Frequently Asked Questions About Georgia § 13-10-41
What does Official Code of Georgia Annotated § 13-10-41 cover?
Section 13-10-41 ("(See Editor's notes.) Alternatives to performance 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 § 13-10-41?
A common citation format is "Official Code of Georgia Annotated § 13-10-41" (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 § 13-10-41 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.