| 6 | 4 | | 95th General Assembly A Bill 2 |
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| 7 | 5 | | Regular Session, 2025 SENATE BILL 202 3 |
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| 8 | 6 | | 4 |
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| 9 | 7 | | By: Senator Hickey 5 |
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| 10 | 8 | | By: Representative Beaty Jr. 6 |
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| 11 | 9 | | 7 |
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| 12 | 10 | | For An Act To Be Entitled 8 |
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| 13 | 11 | | AN ACT TO AMEND THE LAW CONCERNING STATUTORY BONDING 9 |
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| 14 | 12 | | REQUIREMENTS FOR CONSTRUCTION PROJECTS OF THE STATE 10 |
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| 15 | 13 | | HIGHWAY COMMISSION; AND FOR OTHER PURPOSES. 11 |
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| 16 | 14 | | 12 |
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| 17 | 15 | | 13 |
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| 18 | 16 | | Subtitle 14 |
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| 19 | 17 | | TO AMEND THE LAW CONCERNING STATUTORY 15 |
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| 20 | 18 | | BONDING REQUIREMENTS FOR CONSTRUCTION 16 |
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| 21 | 19 | | PROJECTS OF THE STATE HIGHWAY 17 |
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| 22 | 20 | | COMMISSION. 18 |
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| 23 | 21 | | 19 |
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| 24 | 22 | | BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 20 |
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| 25 | 23 | | 21 |
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| 26 | 24 | | SECTION 1. Arkansas Code § 27 -67-206(f) and (g), concerning new 22 |
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| 27 | 25 | | construction projects of the State Highway Commission, are amended to read as 23 |
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| 28 | 26 | | follows: 24 |
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| 29 | 27 | | (f) Successful bidders shall be required to furnish a surety bond or 25 |
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| 30 | 28 | | bonds by a surety company to be approved by the commission , in a penal sum of 26 |
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| 31 | | - | at least one-fourth (¼) of the amount of the contract price, conditioned as 27 |
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| 32 | | - | the commission may require to ensure that each contract between a bidder and 28 |
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| 33 | | - | the commission is fully executed and completed and that the bond or bonds 29 |
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| 34 | | - | fully cover the exposure of the state . 30 |
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| 29 | + | at least one-fourth (¼) of the amount of the contract price, to ensure that 27 |
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| 30 | + | each contract between a bidder and the commission is fully executed and 28 |
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| 31 | + | completed and that the bond or bonds fully cover the exposure of the state 29 |
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| 32 | + | conditioned as the commission may require in the contract. 30 |
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| 35 | 33 | | (g) However, the commission may accept personal bonds, but in every 31 |
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| 36 | 34 | | case in which a personal bond is accepted, the contractor shall be required 32 |
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| 37 | 35 | | to deposit United States Government bonds, state highway bonds or notes, or 33 |
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| 38 | 36 | | valid bonds of any road improvement district referred to in Acts 1929, No. 34 |
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| 39 | 37 | | 65, § 19 [repealed], in an amount equal to twenty -five percent (25%) of the 35 |
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