KRS § 197.540 Irrevocable letter of credit as substitute for performance bond -- Protection of state's interest in continual level of prison beds. — United States — Kentucky law | Esheria

KRS § 197.540 Irrevocable letter of credit as substitute for performance bond -- Protection of state's interest in continual level of prison beds.

For prison-operations contracts, a required performance bond may be replaced by an irrevocable letter of credit or another bond form acceptable to the Commonwealth.

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Jurisdiction
United States — Kentucky
Instrument
Act or statute
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Language
en
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letters of credit performance bonds prison contracting

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