Browse Arkansas Code titles and sections
22-9-402. Authorized bonding companies — Agents.
Arkansas Code — all titles (historical 2020) · legal_authorities
22-9-402. Authorized bonding companies — Agents.
(a) All bonds enumerated in § 22-9-401 and bid bonds enumerated in § 19-4-1405 shall be made by surety companies that have qualified and are authorized to do business in the State of Arkansas and are listed on the current United States Department of the Treasury's Listing of Approved Sureties.
(b)(1) The bonds shall be executed by a resident or nonresident agent.
(2) The resident or nonresident agent shall:
(A) Be licensed by the Insurance Commissioner to represent the surety company executing the bond; and
(B) File with the bond the power of attorney of the agent to act on behalf of the bonding company.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 22-9-402
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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Record provenance
Stable record: arkansas_code:legal_authorities:22-9-402
Source file: gov.ar.code.title.22.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 1f56159e2c9f5927ec4a4c0a368bc4a7942ff77782b3f54df15140d7041cf04b
Source location: content.xml paragraph 6996
Stored source content
22-9-402. Authorized bonding companies — Agents.
(a) All bonds enumerated in § 22-9-401 and bid bonds enumerated in § 19-4-1405 shall be made by surety companies that have qualified and are authorized to do business in the State of Arkansas and are listed on the current United States Department of the Treasury's Listing of Approved Sureties.
(b)(1) The bonds shall be executed by a resident or nonresident agent.
(2) The resident or nonresident agent shall:
(A) Be licensed by the Insurance Commissioner to represent the surety company executing the bond; and
(B) File with the bond the power of attorney of the agent to act on behalf of the bonding company.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
19-4-1405. Bidding procedure — Definition.
(a)(1)(A) After a state agency has caused the preparation and has approved plans and specifications, it shall then proceed to advertise for bids for the contemplated work by the publication of notice one (1) time each week for not less than two (2) consecutive weeks for projects over the amount of fifty thousand dollars ($50,000), and shall proceed to advertise for bids one (1) time each week for not less than one (1) week for projects more than the quote bid and less than or equal to fifty thousand dollars ($50,000).
(B)(i) This notice shall be published in a newspaper of general circulation published in the county in which the proposed improvements are to be made or in a trade journal reaching the construction industry.
(ii) The last insertion shall be not less than one (1) week prior to the date on which the bids are to be received.
(2) The notice shall:
(A) Provide for the receipt of sealed bids;
(B) Set forth the time and place in which the bids will be received;
(C) Specify from whom copies of the plans and specifications and a draft of the proposed contract may be obtained for examination;
(D) Contain the amount of the bid security; and
(E) Contain such other information and requirements as, in the opinion of the state agency, may be necessary or desirable.
(b)(1) On the date and time fixed in the notice, the state agency shall open, tabulate, and compare bids, and award the contract to the lowest responsible bidder.
(2) However, the state agency shall have the right to reject any or all bids and to waive any formalities.
(c)(1) The successful bidder shall be required to furnish bonds to the State of Arkansas, with corporate guaranty or indemnity sureties on the bonds.
(2)(A) The bonds shall be
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-4-1405
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. The source passage cites 19-4-1405. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
22-9-401. Coverage.
(a) All surety bonds required by the State of Arkansas or any subdivisions thereof by any county, municipality, school district, or other local taxing unit, or by any agency of any of the foregoing for the repair, alteration, construction, or improvement of any public works, including, but not limited to, buildings, levees, sewers, drains, roads, streets, highways, and bridges shall be liable on all claims for labor and materials entering into the construction, or necessary or incident to or used in the course of construction, of the public improvements.
(b) Claims for labor and materials shall include, but not be limited to, fuel oil, gasoline, camp equipment, food for workers, feed for animals, premiums for bonds and liability and workers' compensation insurance, rentals on machinery, equipment, and draft animals, and taxes or payments due the State of Arkansas or any political subdivision thereof which shall have arisen on account of, or in connection with, wages earned by workers on the project covered by the bond.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 22-9-401
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. The source passage cites 22-9-401. This identifies an authority to review, not proof of applicability.