Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
SECTION 1. Chapter 240 of the acts of 1899 is hereby amended by striking out section 46A, as amended by section 3 of chapter 486 of the acts of 1985, and inserting in place thereof the following section:-
Section 46A. All contracts, made by any department, board or commission of the city, where the amount is five thousand dollars or more, shall be in writing, and no such contract shall be deemed to have been executed until the approval of the mayor and the department, board or commission making the contract has been affixed thereto. All contracts may be required to be accompanied by a bond with sureties, a deposit of money, certified check or other security for the faithful performance thereof, satisfactory to the procurement officer, department head or commission. Said security shall be deposited with the city treasurer. No such contract shall be altered except by written agreement of the contractor, the procurement officer or department head making the contract, with the approval of the mayor affixed thereto.
SECTION 2. Section forty-six B of said chapter two hundred and forty is hereby repealed.
SECTION 3. This act shall take effect upon its passage.