Section 22-11-3.1-2 - Bond requirement; filing(a) A contractor doing work, other than work for a political subdivision, in a county having a population of:(1) more than four hundred thousand (400,000) and less than seven hundred thousand (700,000); or(2) more than one hundred seventy thousand (170,000) and less than one hundred seventy-four thousand (174,000); must obtain a unified license bond as provided in this chapter. This unified license bond is in lieu of any other bond for this type of work required by the county or a city or town within that county, and the bond must be in an amount equal to five thousand dollars ($5,000).
(b) The unified license bond shall be held for compliance with the ordinances and regulations governing business in the county, or a city or town within that county. The unified license bond required by this chapter shall be filed with the county recorder.Pre-Local Government Recodification Citations: subsection (a) formerly 17-2-88-1(b); subsection (b) formerly 17-2-88-2.
Amended by P.L. 104-2022,SEC. 130, eff. 4/1/2022.Amended by P.L. 119-2012, SEC. 157, eff. 4/1/2012.As added by Acts1981 , P.L. 11, SEC.127. Amended by Acts1982 , P.L. 1, SEC.52; P.L. 12-1992, SEC.121; P.L. 170-2002, SEC.127.