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.
Ala. Code § 34-31-30
Performance Bond.
Applied in 1 court decision — leading case 909 So. 2d 843 - Hinkle Metals & Supply Co. v. OH. CAS. INS. (2005)
Most recently applied in 909 So. 2d 843 - Hinkle Metals & Supply Co. v. OH. CAS. INS. (March 2005)
(Acts 1982, No. 82-547, p. 900, §3.13; Act 2009-486, p. 879, §1; Act 2024-310, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.