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17-25-406. Notice of bond cancellation.
Arkansas Code — all titles (historical 2020) · legal_authorities
17-25-406. Notice of bond cancellation.
(a)(1) Notice of bond cancellation shall be given to the Contractors Licensing Board in writing sixty (60) days before cancellation. The board shall notify the Department of Finance and Administration, the Division of Workforce Services, and the Workers' Compensation Commission of the notice of cancellation.
(2) It shall be the responsibility of each governmental agency to make any claims against the bond in accordance with state law for collection of any taxes, premiums, contributions, penalties, interest, or fines within the statute of limitations of the appropriate state law.
(b) A contractor's license that has become invalid due to bond cancellation may be reinstated upon receipt of a proper replacement bond.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 17-25-406
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:17-25-406
Source file: gov.ar.code.title.17.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 0f8672a1dfbfe64d13129e0d8f3f95bd3fa379699a7e772c66253a9899fe2fbc
Source location: content.xml paragraph 7554
Stored source content
17-25-406. Notice of bond cancellation.
(a)(1) Notice of bond cancellation shall be given to the Contractors Licensing Board in writing sixty (60) days before cancellation. The board shall notify the Department of Finance and Administration, the Division of Workforce Services, and the Workers' Compensation Commission of the notice of cancellation.
(2) It shall be the responsibility of each governmental agency to make any claims against the bond in accordance with state law for collection of any taxes, premiums, contributions, penalties, interest, or fines within the statute of limitations of the appropriate state law.
(b) A contractor's license that has become invalid due to bond cancellation may be reinstated upon receipt of a proper replacement bond.
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