This bill amends existing laws regarding the bonding requirements for construction contractors in Iowa. It establishes that all contractors must file a surety bond of $50,000 with the department of inspections, appeals, and licensing, unless they are prequalified to bid on projects for the department of transportation. The bill also modifies the language to remove references to "out-of-state" contractors, thereby applying the same requirements to all contractors regardless of their location.

Additionally, the bill explicitly prohibits counties, cities, townships, or school districts from imposing any bonding requirements beyond those specified in the Iowa Code. This aims to standardize the bonding process and ensure that contractors are not subjected to varying local regulations. The amendments also clarify that the application for contractor registration must include proof of workers' compensation insurance and unemployment insurance compliance, further streamlining the registration process.

Statutes affected:
Introduced: 91C.2, 91C.7, 91C.8, 105.18