Sec. 126.608. - Bid Bonds.

Section 126.201 (b) of the Code provides that JSEBs are not required to submit bid bonds for projects under $500,000. Section 126.201 (g) provides that JSEBs shall be exempt from obtaining a payment and performance bond for projects that are (i) equal to or less than the "Discretionary Bond Threshold" amount, as defined in Chapter 126 , Part 2 of the Code; and (ii) equal to or less than the payment and performance bond waiver amount permitted in Section 18.11 of the Charter. (Ord. 2021-117-E , § 5; Ord. 2023-20-E , § 7; Ord. 2024-437-E , § 2)