The board may require a performance bond not to exceed twenty-five thousand dollars ($25,000) 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 considering the purpose of the bond.
History: (Acts 1982, No. 82-547, p. 900, §3.13; Act 2009-486, p. 879, §1; Act 2024- 310, §1.)