Section 880-X-9C-.02 - Form Of The Performance Bond (Alabama Administrative Code)

§ 880-X-9C-.02. Form Of The Performance Bond

The form of the performance bond shall be prescribed by the State Regulatory Authority in accordance with the provisions of Rules 880-X-9B and 880-X-9C. The State Regulatory Authority may allow for --

(a) A surety bond.

(b) A collateral bond.

(c) Self-bonding.

(d) A combination of these bonding methods.

Author:

Statutory Authority: Code of Ala. 1975, §§ 9-16-71, 73, 74, 75, 80, 81, 85, 89, 90, 91.

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