Neither the treasurer of the department or the appropriate authority nor the state shall be liable to the contractor or his surety for the failure of the escrow agent to perform under the escrow agreement, or for the failure of any bank to honor certificates of deposits issued by it which are held in the escrow account.
History. Ga. L. 1971, p. 635, § 3.
Structure Georgia Code
Title 32 - Highways, Bridges, and Ferries
Chapter 2 - Department of Transportation
Article 4 - Exercise of Power to Contract
Part 1 - General Contracting Provisions
§ 32-2-60. Authority to Contract; Form and Content of Construction Contracts; Bonds
§ 32-2-61. Limitations on Power to Contract
§ 32-2-63. Authority of Commissioner to Execute Contracts and Authority Lease Agreements
§ 32-2-64. Required Letting of Contracts by Public Bid; Posting Bid on Department Website Sufficient
§ 32-2-65. Advertising for Bids
§ 32-2-66. Prequalifications of Contractors and Subcontractors
§ 32-2-67. Payment by Bidder to Cover Costs
§ 32-2-68. Proposal Guaranty by Bidder
§ 32-2-69. Bidding Process and Award of Contract
§ 32-2-70. Bonds of Successful Bidder
§ 32-2-71. Failure of Successful Bidder to Sign Contract or Furnish Bonds
§ 32-2-72. Oath by Successful Bidder