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§ 11-102. Surety Bonds for the Redevelopment Authority of the City of Philadelphia. 2
(1) Whenever the Law Department, pursuant to the provisions of this Title, shall require the filing of a bond, the Redevelopment Authority of the City of Philadelphia, notwithstanding the provisions of Section 17-106, may file a bond without the execution of a corporation surety. This authorization shall apply only to those instances where the Redevelopment Authority certifies in writing that over fifty percent (50%) of the funding for the entire project is provided through City, State or Federal funds. In such cases, where the Redevelopment Authority elects not to provide corporate surety, it shall execute a bond in favor of the City in a form and content satisfactory to the Law Department.
Added, 1977 Ordinances, p. 350.