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Alternative bonding and security.

Sacramento City Code § 5.28.2530
in effect
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5.28.2530 Alternative bonding and security. In lieu of a performance bond in the amounts required by the provisions of Section 5.28.2520 of this chapter, a licensee may elect and provide a performance bond otherwise comporting with the requirements of Section 5.28.2520 of this chapter in the amount of two million five hundred thousand dollars ($2,500,000.00) for the entire period of the term of a license. Upon the proper posting of such alternative bond, the commission shall return performance bonds previously provided for such license or licenses pursuant to the provisions of this chapter. (Prior code § 20.17.1601)
Source: City of Sacramento, Sacramento City Code (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/sacramentoca/latest/sacramento_ca/0-0-0-11606Fetched: 10/24/2026

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5.28.2530 | Corpus