Section 10781 Of Article 5. Award Of Contracts From California Public Contract Code >> Division 2. >> Part 2. >> Chapter 2.5. >> Article 5.

. If the successful bidder fails to execute the contract, the bidder's security shall be forfeited to the state. The cash or proceeds shall be deposited in the fund out of which the expenses of preparation and printing of the plans and specifications, estimates of cost, and publication of notice are paid.