An Act amending the act of May 1, 1933 (P.L.103, No.69), known as The Second Class Township Code, in contracts, further providing for letting contracts.

SB 871 amends Pennsylvania's Second Class Township Code to clarify bonding requirements for contractors. It requires successful bidders on township contracts to provide a bond, letter of credit, or other security within 20 days of contract award, set at 10% to 100% of the contract value. This applies to most contracts not already covered under Pennsylvania's Public Works Contractors' Bond Law of 1967. The bill directly affects second-class townships and contractors working with them, ensuring performance guarantees are secured promptly to protect public funds. Failure to provide the required security within 20 days voids the contract.