§8A-6-1. — Bond requirements.
Code Resources
West Virginia Resources
West Virginia Website
West Virginia Governor
West Virginia Legislature
West Virginia Courts
Search this Code
in Google Scholar
on the Web
Google Web Search
MSN Web Search
Yahoo! Web Search
in the News
Google News Search
Google News Archive Search
Yahoo! News Search
in the Blogs
BlawgSearch.com Search
Google Blog Search
Technorati Blog Search
in other Databases
Google Book Search
§8A-6-1. Bond requirements.
(a) If a bond is used as an acceptable method of security for infrastructure construction, then it shall meet the following requirements:
(1) Be in an amount to cover the infrastructure construction, as determined by the governing body;
(2) Be payable to the governing body;
(3) Have adequate surety and be satisfactory to the governing body;
(4) Specify the time for the completion of the infrastructure construction; and
(5) Specify the date and/or condition for when the bond will be released.
(b) The money from the bond shall only be used by the governing body to which the bond is payable, for the completion of the infrastructure construction, when the infrastructure construction is not completed as approved at the issuance of the bond.
(a) If a bond is used as an acceptable method of security for infrastructure construction, then it shall meet the following requirements:
(1) Be in an amount to cover the infrastructure construction, as determined by the governing body;
(2) Be payable to the governing body;
(3) Have adequate surety and be satisfactory to the governing body;
(4) Specify the time for the completion of the infrastructure construction; and
(5) Specify the date and/or condition for when the bond will be released.
(b) The money from the bond shall only be used by the governing body to which the bond is payable, for the completion of the infrastructure construction, when the infrastructure construction is not completed as approved at the issuance of the bond.