Public works construction; performance bond not required if contract is less than $50,000.00 and paid in two equal installments.
An Act To Amend Section 31-5-51, Mississippi Code Of 1972, To Provide That A Performance Bond Is Not Required When A Contract For The Construction, Alteration Or Repair Of Any Public Building Or Public Work Is Less Than $50,000.00 And The Public Body Elects To Make Two Payments Valued At 50% Of The Contract Amount; And For Related Purposes.
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{# E23 (Nick, ruling section 1 answer 10): quoting a bill or a court opinion works
the way quoting a news article works. Select a passage above and the same panel
opens: the passage goes to the official you choose, with this document's own
address as its source and its own type. #}