Ga. Code § 13-10-41
Current through 2023-2024 Legislative Session Chapter 709
When the amount of the performance bond required under this article does not exceed $300,000.00, the state may, in its sole discretion, accept an irrevocable letter of credit by a bank or savings and loan association, as defined in Code Section 7-1-4, in the amount of and in lieu of the bond otherwise required under this article.
OCGA § 13-10-41