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Senate committee moves to replace archaic penal-bond language for highway contracts
Summary
A Senate committee approved language to remove outdated "penal bond" provisions and align state law with current Arkansas Department of Transportation practice requiring performance and payment bonds that protect the state and subcontractors.
Senator Jimmy Hickey, a Republican member of the Arkansas Senate, told the Public Health, Welfare and Labor Committee he was presenting Senate Bill 202 to remove archaic language in state law that refers to penal bonds and to clarify that highway projects be covered by the performance and payment bonds the Arkansas Department of Transportation (ARDOT) currently requires.
Hickey said the change “is taking that out” of the statute and aligning the law with “what the current process is with the highway department” so “the state does not have any exposure.”
The proposal replaces language that referenced a bond amount “equal to 25%” of a contract with the…
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