AN ACT TO AMEND SECTION 6704, TITLE 29, DELAWARE CODE, RELATING TO DEPOSITS TO ACCOMPANY BIDS FOR THE FURNISHING OF SUPPLIES, WORK, STATIONERY, PRINTING AND BINDING.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. Section 6704, Title 29, Delaware Code, is amended by striking the last two sentences as they now appear and inserting in lieu thereof two new sentences to read as follows:
Every such proposal or bid shall be accompanied by a duly certified check or cash or surety bond of the bidder or bidders for 10% of the amount of the proposal or bid. Such check, cash or surety bond shall be returned to the bidder upon the execution of the contract for which it was presented.
Approved May 9, 1962.