Iowa § 73A.20 - 73A.20 Bid bonds.
Full text of Iowa Iowa Code § 73A.20 — 73A.20 Bid bonds., with citation guidance and answers to common questions.
§ 73A.20. 73A.20 Bid bonds.
Notwithstanding any other provisions of the Code, any contracting authority may authorize the use of bid bonds executed by corporations authorized to contract as surety in Iowa and on a form prescribed by the contracting authority, in lieu of certified or cashiers checks or any other form of security otherwise required of a bidder to accompany a bid on a public improvement project. The full amount of the bid bond shall be forfeited to the contracting authority in liquidation of damages sustained in the event that the bidder fails to execute the contract as provided in the specifications or by law in the same manner and amount as other forms of authorized security. [C73, 75, 77, 79, 81, §23.20] C93, §73A.20 Referred to in §468.35 Wed Dec 10 22:28:54 2025 Iowa Code 2026, Section 73A.20 (20, 0)
Frequently Asked Questions About Iowa § 73A.20
What does Iowa Code § 73A.20 cover?
Section 73A.20 ("73A.20 Bid bonds.") is part of the Iowa Code, the codified statutory law of Iowa. 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 Iowa § 73A.20?
A common citation format is "Iowa Code § 73A.20" (Iowa). 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 Iowa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Iowa official source linked on this page or consult a licensed Iowa attorney.
How does Iowa § 73A.20 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Iowa 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 Iowa.