§ 36-1-4-22.1 — License bond

Indiana § 36-1-4-22.1

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 1: GENERAL PROVISIONS
• Ch. 4: General Corporate Powers

Text

1. (a) The following definitions apply
throughout this section:
(1) "Contractor" means a person that enters into a contract
requiring the person to perform one (1) or more tasks in a
residential construction project or a similar project.
(2) "License bond" refers to a surety bond required by a political
subdivision as a condition that the political subdivision issue a
license or a permit to a person. The term does not refer to a
performance bond.
(3) "Political subdivision" includes an agency, office, or
department of the political subdivision.
(4) "Residential onsite sewage system" has the meaning set forth
in IC 16-41-25-0.4(a).
(b) If a contractor:
(1) has posted a license bond to obtain one (1) license or
registration from a political subdivision; and
(2) is required to obtain another license or registration from the
political subdivision to perform work that the contractor intends
to perform;
the contractor may not be required to post a second license bond as a
condition of obtaining the second license or registration if the type of
work that the first license or registration authorizes the contractor to
perform is so closely related to the type of work that the second license
or registration will authorize the contractor to perform that both types
of work are typically involved in a single residential construction
project.
(c) Under subsection (b), a contractor that has posted a license bond
to obtain an excavator's license or registration from a political
subdivision may not be required to post a second license bond to obtain
a license or registration from the political subdivision as a residential
onsite sewage system installer.

Legislative History

As added by P.L.157-2024, SEC.7.