There Is a Newer Version of the Massachusetts General Laws
2009 Massachusetts Code
PART I ADMINISTRATION OF THE GOVERNMENT
TITLE III LAWS RELATING TO STATE OFFICERS
CHAPTER 29 STATE FINANCE
Section 54 Deposits or other security for proposals by bidders
Section 54. The state treasurer may require each bidder submitting a proposal pursuant to section 53, as a condition precedent to the consideration of such bidder’s proposal, to submit a good faith deposit or otherwise secure such bidder’s proposal, in such manner and amount as the state treasurer shall determine to be appropriate.
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