West Virginia Code 18-5-12 – Bond of contractors
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Boards shall require all persons contracting for the building or repairing of school property, where the contract exceeds $25,000 to execute a bond, with approved security, in the amount of the contract price.
Terms Used In West Virginia Code 18-5-12
- Contract: A legal written agreement that becomes binding when signed.
- School: means the students and teachers assembled in one or more buildings, organized as a unit. See West Virginia Code 18-1-1