HRS § 102-7 - Forfeiture of deposits, return thereof
If a successful bidder does not sign the contract and provide satisfactory security on time, the officer must pay the deposit into the treasury. If the contract and security are completed on time, the deposit or check must be returned, and unsuccessful bidders’ deposits must also be returned under the stated conditions
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- Jurisdiction
- United States — Hawaii
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Updated
- Official source
- View official record ↗
Statute overview
About this statute
If a successful bidder does not sign the contract and provide satisfactory security on time, the officer must pay the deposit into the treasury. If the contract and security are completed on time, the deposit or check must be returned, and unsuccessful bidders’ deposits must also be returned under the stated conditions.
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HRS § 102-7 - Forfeiture of deposits, return thereof
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