Ark. Code § 14-123-406
Current with legislation from 2024 effective through May 3, 2024.
The contractors shall give bond to the directors in a sum sufficient to secure the prompt execution of their contract, conditioned to pay any damages which shall result to the landholders of the district from a failure to perform their contracts or by reason of a negligent performance of the contract.
Ark. Code § 14-123-406