Section 15-19-30 - Contract, bids, bonds(a) All improvements made under the provisions of this chapter shall be constructed under contract let to the lowest possible and responsible bidder, after public advertisement by the authority in a newspaper of general circulation published in the county in which the improvements are proposed. The authority may either let the work as an entire contract, or in its discretion, make one or more contracts separately for each assessment area or the various types of work to be performed, or the various public facility systems to be improved under one proceeding. All bids shall be accompanied by a deposit of legal tender or by a certificate of deposit or certified check on a bank doing business within the State or a sufficient surety bond payable to and in favor of the authority under the terms and conditions as are determined by the authority. The authority may, in its discretion, impose any other reasonable terms, conditions, and requirements relating to the letting of the contract. No contract shall be made without a bond to the authority, for the faithful performance of the contract, under the terms and conditions as are determined by the authority.(b) The provisions of chapter 103, HRS, shall be applicable to all contracts entered pursuant to this chapter.[Eff 9/17/84] (Auth: HRS §§ 206E-4, 206E-6) (Imp: HRS §§ 206E-4, 206E-6)