N.Y. State Finance Law Section 139-E
Security bonds

  • municipal projects

Whenever a security bond is posted by a successful bidder for the faithful performance of a municipal project, for which state aid is approved, the name and address of the bonding company or person issuing the security bond, the number of such bond, and such other information as may be required by the state department or agency responsible for supervising the aid program regarding the project, shall be transmitted to such department or agency, where it shall be reviewed to determine its authenticity prior to award of such contract. The original of such bond shall remain in the office of the municipality. Upon request of such department or agency, the superintendent of financial services shall render such assistance as is necessary to determine the authenticity of the security bond.

Source: Section 139-E — Security bonds; municipal projects, https://www.­nysenate.­gov/legislation/laws/STF/139-E (updated Sep. 22, 2014; accessed Dec. 21, 2024).

135
Separate specifications for contract work for the state
135‑A
Definitions
136
Contracts in pursuance of appropriations
136‑A
Contracts for architectural, engineering, geological, landscape architecture and surveying services
136‑B
Selection of underwriters by state agencies
136‑C
Contracts for employee training and organizational development services
136‑D
Contracts involving industrial painting and industrial coatings
136‑D*2
Contracts involving low embodied carbon concrete
137
Bond to secure payment of certain claims arising from a public improvement
138
State contracts not to be assigned without consent
138‑A
Commencement of actions on state public works contracts
139
Retained percentages
139‑A
Ground for cancellation of contract by state
139‑B
Disqualification to contract with state
139‑C
Removal of disqualification of public contractors by petition
139‑D
Statement of non-collusion in bids to the state
139‑E
Security bonds
139‑F
Payment on public work projects
139‑G
Obligations to make contracts available to small and certified women and minority-owned business concerns
139‑H
Participation in an international boycott prohibited
139‑I
Obligations with respect to procurement contracts with New York state and foreign business enterprises
139‑J
Restrictions on contacts during the procurement process
139‑K
Disclosure of contacts and responsibility of offerers
139‑L
Statement on sexual harassment, in bids
140
Disposition of deposit accompanying bid
141
Claims against contractors
142
Workmen’s compensation insurance on public works
143
Deposits on plans and specifications for contracts for public work
144
Opening and reading of bids for contracts for public work
145
Acceptance of final payment under a state contract
146
Certain construction contracts involving steel
147
Mentor-protege program
148
Certain contracts involving personal protective equipment and medical supplies

Accessed:
Dec. 21, 2024

Last modified:
Sep. 22, 2014

§ 139-E’s source at nysenate​.gov

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