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§ 9605. Bonding and progress payments

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 51 Pa.C.S.A. Military AffairsEffective: December 24, 2012

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 51 Pa.C.S.A. Military Affairs (Refs & Annos)
Part VI. Miscellaneous Provisions
Chapter 96. Veteran-Owned Small Businesses (Refs & Annos)
Subchapter B. Participation (Refs & Annos)
Effective: December 24, 2012
51 Pa.C.S.A. § 9605
§ 9605. Bonding and progress payments
Currentness
(a) Bonding.--Notwithstanding 62 Pa.C.S. Pt. I (relating to Commonwealth Procurement Code):
(1) Except as provided in paragraph (2), a purchasing agency may reduce the level or change the types of bonding normally required or accept alternative forms of security to the extent reasonably necessary to encourage procurement from veteran-owned small businesses and service-disabled veteran-owned small businesses.
(2) For contracts under $25,000, veteran-owned small businesses and service-disabled veteran-owned small businesses shall be exempt from any bonding requirements.
(b) Progress payments.--A purchasing agency may make special provisions for progress payments as it deems reasonably necessary to encourage procurement from veteran-owned small businesses and service-disabled veteran-owned small businesses.

Credits

2012, Oct. 24, P.L. 1468, No. 185, § 1, effective in 60 days [Dec. 24, 2012].
51 Pa.C.S.A. § 9605, PA ST 51 Pa.C.S.A. § 9605
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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