Section 34-31-30 Performance bond. - Alabama Statutes

Section 34-31-30

Performance bond.

The board may require a performance bond in the amount of fifteen thousand dollars ($15,000) per year for all active certified contractors. There shall be no discrimination between contractors similarly situated, and each classification of regulated contractors for bonding purposes must be reasonable in light of the purpose of the bond.

(Acts 1982, No. 82-547, p. 900, §3.13; Act 2009-486, §1.)