Alternative security.
San José Municipal Code § 27.24.090
in effect27.24.090 - Alternative security.
A. The Director cannot accept any alternative form of security for a payment bond.
B. For all bonds other than a payment bond, the Director may accept an alternative form of security, such as a certificate of deposit or a letter of credit, if the Director, after coordinating with the Office of the City Attorney, determines that the alternative form of security adequately protects the City against the risk being covered.
(Ord. 30308.)
Source: City of San José, Municipal Code (Municode Library, library.municode.com)URL: https://library.municode.com/ca/san_jose/codes/code_of_ordinances?nodeId=TIT27PRPUWO_CH27.24BOININ_27.24.090ALSEFetched: 11/1/2026