ADE Director's Communication Memo Form


Memo Number : FIN-00-010

Date Created : 07/27/1999

Attention:

Superintendents
Co-op Directors

Type of Memo: Regulatory
Response Required: No
   
Section:   Public School Finance and Admin Support - Ms. Patricia Martin
Subject:
Bid Bond for Public Works Projects

Regulatory Authority:
A.C.A. 22-9-203 as Amended by Act 1309 of 1999

Contact Person:
Dave Floyd

Phone Number:
501-682-4261

E-mail:
dfloyd@arkedu.k12.ar.us

Act 1309 of 1999 has amended Arkansas Code Annotated 22-9-203. This is "An Act to Decrease the Amount of the Bid Bond for Public Works Projects."

The amended change is as follows: A five percent (5%) bid bond or a certified check in the amount of five percent (5%) of the bid shall accompany all submitted bids on projects that exceed $20,000.

This Act is effective July 30, 1999.

Attachments:
    None

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