Iowa Code § 468.36
Performance bond return of deposit
Iowa · Iowa Code Chapter 468 — Levee and Drainage Districts and Improvements · Status: effective
Cite this
- Citation
- Iowa Code § 468.36, Performance bond return of deposit, Iowa, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2253364
- Permanent ID
ys:prov:2253364@1- SHA-256
5f35087f18e66b98f1a7a4ff1da6def6008e72d6058453e7694ed34062adffbe
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
A successful bidder is required to execute a bond with sureties approved by the auditor in favor of the county for the use and benefit of the levee or drainage district and all persons entitled to liens for labor or material in an amount not less than seventy-five percent of the contract price of the work to be done, conditioned for the timely, efficient, and complete performance of the contract, and the payment, as they become due, of all just claims for labor performed and material used in carrying out the contract. When a contract is executed and bond approved by the board, the cash, certified check, or certified share draft deposited with the bid shall be returned to the bidder.