Section 20688.4 Of Article 43.1. Redevelopment Agencies From California Public Contract Code >> Division 2. >> Part 3. >> Chapter 1. >> Article 43.1.
20688.4
. An agency shall require each successful bidder to file
with it good and sufficient bonds, to be approved by it. The bonds
shall be conditioned upon the faithful performance of the contract
and upon the payment of all claims for labor and material in
connection with the contract. The bonds shall contain the terms and
conditions set forth in Chapter 5 (commencing with Section 9550) of
Title 3 of Part 6 of Division 4 of the Civil Code and are subject to
the provisions of that chapter.