573.3 Bond mandatory. 1. The obligation of the public corporation to require, and the contractor to execute and deliver said bond, shall not be limited or avoided by contract. 2. A public corporation, with respect to a public improvement which is or has been competitively bid or negotiated, shall not require a contractor to procure a bond, as requiredunder section 573.2, from a particular insurance or surety company, agent, or broker. [C24, 27, 31, 35, 39, §10301; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §573.3]2000 Acts, ch 1023, §58 Sat Dec 23 11:08:02 2023 Iowa Code 2024, Section 573.3 (18, 0)
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