Kentucky HB 429: AN ACT relating construction performance bonding. Amend KRS 198B.040 to require the establishment of a performance bond program for contractors and subcontractors; determine who is subject to the requirement; require that performance bonds be posted for all contracts $5,000 or greater; authorize the Board Housing, Buildings and Construction to promulgate administrative regulations necessary to implement a performance bond program.

Status: To Licensing, Occupations, & Admin Regs (H) (as of 2017-02-21)

State: Kentucky · Session: 2017RS · Bill: HB 429

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