2014 Virginia Code
Title 33.1 - Highways, Bridges and Ferries
§ 33.1-223.2:22. (Repealed effective October 1, 2014) Contractor performance bonds for locally administered transportation improvement projects
Whenever any county, city, or town undertakes administration of a transportation improvement project and obtains, in connection therewith, contractor performance bonds that include the Virginia Department of Transportation as a dual obligee, the amount of such bonds shall be no greater than would have been required had the Department not been included as a dual obligee. The surety's obligation to the Department shall be no greater than its obligation to the county, city, or town administering the project, and the amount of the bond is the limit of the surety's obligation to either or both obligees.
2009, c. 395.
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