Section 32-4-120 - Failure to take bonds; liability of municipality

If the payment bond required by Code Section 32-4-119 is not taken, the municipality then shall be liable to subcontractors, laborers, materialmen, and other persons, as provided in Part 4 of Article 3 of Chapter 91 of Title 36, for losses to them resulting from failure to take such bond.Amended by 2001 Ga. Laws 261, § 9, eff. 7/1/2001.