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 the distinction between in-state and out-of-state contractors, applying the same requirements to all contractors.

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 streamline the bonding process and ensure consistency across different jurisdictions within the state. The amendments also clarify that the application for contractor registration must include proof of workers' compensation insurance and unemployment insurance compliance, further enhancing the regulatory framework for construction contractors in Iowa.

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