SB681 — Public Contracts - As enacted, clarifies that the statutory amount of the bond required from contractors on all public works contracts in excess of $100,000 is the minimum amount for the bond. - Amends TCA Section 12-4-201.

SB681 — Public Contracts - As enacted, clarifies that the statutory amount of the bond required from contractors on all public works contracts in excess of $100,000 is the minimum amount for the bond. - Amends TCA Section 12-4-201. · Informed CitizenrySB681 amends Tennessee Code Annotated Section 12-4-201 to clarify that the bond required from contractors on public works contracts exceeding $100,000 must be for no less than twenty-five percent (…Open in Informed Citizenry