Article 40 – Joint Venture
53140.24.1 Security Deposit
-
The JVE shall provide CDCRCalifornia Department of Corrections and Rehabilitation with a Security Bond or equivalent security. This requirement shall be included in the Contract. The amount of the bond shall be not less than two months wages for the inmate-employee workforce contemplated by the JVE after six months of operations, and shall be determined on a case-by-case basis based on, but not limited to, the size of the inmate-employee workforce and the size of space leased by the JVE. The bond or its equivalent shall be retained by the CDCRCalifornia Department of Corrections and Rehabilitation and may be used by the CDCRCalifornia Department of Corrections and Rehabilitation in the event a JVE fails to submit payroll or defaults on any of its obligations to the State. The CDCRCalifornia Department of Corrections and Rehabilitation shall apply the bond first to pay past due wages to inmate-employees and thereafter to unpaid obligations to the State, including, but not limited to, rent, utilities, workers’ compensation, and custody costs.