Out-Of-State Contractor Bond Form - State Of Iowa Division Of Labor printable pdf download

Out-Of-State Contractor Bond Form - State Of Iowa Division Of Labor

CONTRACTOR REGISTRATION NO.:

STATE OF IOWA

DIVISION OF LABOR

OUT-OF-STATE CONTRACTOR BOND

KNOW ALL PERSONS BY THESE PRESENTS:

BOND NO. __________

THAT ____________________________________ of ______________________________

("Principal")

("Mailing Address")

______________________ , and _______________________________________ are held and firmly

("City & State")

("Surety")

bound unto the State of Iowa, Division of Labor, as the holder in the penal sum of twenty-five

thousand dollars ($25,000) lawful money of the United States, to the payment of which sum, the

Principal and Surety firmly bind themselves, their heirs, executors, successors, assigns and

administrators, jointly and severally.

This obligation arises because the Principal is an out-of-state contractor desiring to perform

construction work in Iowa. Iowa Code Chapter 91C (2009), as amended by 2010 Iowa Acts, House

File 2522, requires that Principal file this bond.

The Principal shall pay all taxes, including contributions due under the unemployment

compensation insurance system; penalties; interest; and related fees, which may accrue to the State of

Iowa, due to the Principal’s work in Iowa, then this bond to be void, otherwise to remain in full force

and effect.

This bond shall be continuous in nature until cancelled by the Surety with not less than thirty

(30) days written notice to the Principal and to the Division of Labor, but shall not exceed the one-

year statutory period.

The obligation of this bond shall be operative until released in the manner provided in Iowa

Code Chapter 91C.

Executed this __________ day of __________________ , 20_____.

Principal

Surety

Out-Of-State Contractor Bond Form - State Of Iowa Division Of Labor