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AK HB181

Bill

Official Source

Status

Introduced

4/9/2025

Primary Sponsor

Mike Prax

Click for details

Origin

House of Representatives

34th Legislature

AI Summary

  • Increases the aggregate contract price threshold for small project contractors from $10,000 to $20,000
  • Doubles the bond requirement for small project contractors from $5,000 to $10,000
  • Maintains existing bond amounts for other contractor categories: $25,000 for general contractors, $20,000 for residential-only general contractors, and $10,000 for mechanical/specialty contractors and home inspectors
  • Retains anti-evasion provisions preventing contractors from dividing larger projects into smaller contracts to avoid higher bonding requirements

Legislative Description

Contractor Bonds

Contractors

Last Action

REFERRED TO LABOR & COMMERCE

4/9/2025

Committee Referrals

Labor & Commerce4/9/2025

Full Bill Text

No bill text available