30:10-1-10. Substitution of Bonds for Retainage on Construction Projects

Each institutional President or the institution's equivalent position to that of Vice President for Business and Finance is authorized to approve arrangements and agreements for the substitution of U. S. Treasury Bonds or bills for retainage on construction projects in accordance with the provisions of the Oklahoma Public Competitive Bidding Act, after review by the Department of Architectural Services and the Board's Legal Counsel.