The department may require that a bidder provide a bond for the faithful performance of a contract. The amount of the bond shall be established by the director. The bond shall be filed with the department as specified and approved by the director.
[C24, 27, 31, 35, 39, § 201; C46, 50, 54, 58, 62, 66, 71, 73, § 15.24; C75, 77, 79, 81, § 18.45]
98 Acts, ch 1164, §27
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