Florida Statutes § 1010.48 — Bidders to give security.
Search Florida StatutesFrom the Legislature's 2026 edition, which includes changes effective through January 1, 2027. Later effective dates are retained in each section's source notes.
Part IV — PROVISIONS RELATING TO BONDING
The district school board may require of all bidders for the bonds that they give security by bond or by a deposit to the district school board that the bidder shall comply with the terms of the bid, and any bidder whose bid is accepted shall be liable to the district school board for all damages on account of the nonperformance of the terms of such bid or to a forfeiture of the deposit required by the district school board.
History
History.—s. 557, ch. 2002-387.
Source captured on 2026-10-10. Read the official chapter.