2007 Minnesota Statutes

574.28 APPROVAL AND FILING OF BOND.
Before beginning work on the contract for the public work, the contractor on whose behalf
the payment and performance bonds were issued must file both bonds with the treasurer, board, or
officer having financial management of the public body named in the bonds. The payment and
performance bonds must list the address of the contractor on whose behalf the bonds were issued
and of the surety providing the bonds. The payment and performance bonds, if acceptable in form
and content, must be approved by the board or officer having financial management of the public
body, or by the public body's treasurer. The public body must make the payment and performance
bonds available for inspection and copying upon request. An assignment, modification, or change
of the contract, or change in the work covered by the contract, or an extension of time to complete
the contract, does not release the sureties on the bonds.
History: (9702) RL s 4536; 1907 c 379; 1931 c 157; 1994 c 419 s 8; 1995 c 31 s 3