Current as of June 08, 2021 | Updated by FindLaw Staff
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Sec. 12. As used in this chapter, “payment bond” means an approved form of security, furnished and executed by the bidder and the bidder's surety, that guarantees the payment of all legal debts related to the construction of the project.
Cite this article: FindLaw.com - Indiana Code Title 36. Local Government § 36-1-9.5-12 - last updated June 08, 2021 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-1-9-5-12/
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