ADMINISTRATION OF THE GOVERNMENT (Chapters 1 through 182)
LAWS RELATING TO STATE OFFICERS
Deposits or other security for proposals by bidders
Section 54. The state treasurer may require each bidder submitting a proposal under section 53, as a condition precedent to the consideration of such bidder’s proposal, to submit a good faith deposit or otherwise secure such bidder’s proposal, in such manner and amount as the state treasurer shall determine to be appropriate.