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HB181 • 2026

CONTRACTOR BONDS

An Act relating to bond requirements for contractors.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
REPRESENTATIVES PRAX, Tomaszewski
Last action
2025-04-09
Official status
(H) L&C
Effective date
Not listed

Plain English Breakdown

The effective date is missing from the source material, so it cannot be confirmed when these changes take effect.

Changes to Contractor Bond Amounts in Alaska

This bill updates the required bond amounts for different types of contractors and changes the project price threshold that determines lower bonding requirements.

What This Bill Does

  • Sets the bond amount at $25,000 for general contractors.
  • Requires a $20,000 bond for general contractors with a residential endorsement who perform only residential work.
  • Changes the bond requirement to $10,000 for mechanical or specialty contractors and home inspectors.
  • Increases the project price threshold from $10,000 to $20,000 before a lower bond amount applies.

Who It Names or Affects

  • General contractors in Alaska
  • Mechanical or specialty contractors
  • Home inspectors

Limits and Unknowns

  • The official text does not state when these new bond amounts will officially start.
  • The bill amends existing law but the full context of previous rules is not included in this excerpt.

Bill History

  1. 2025-04-09 646

    (H) REFERRED TO LABOR & COMMERCE

  2. 2025-04-09 646

    (H) L&C

  3. 2025-04-09 646

    (H) READ THE FIRST TIME - REFERRALS

Official Summary Text

CONTRACTOR BONDS
An Act relating to bond requirements for contractors.

Current Bill Text

Read the full stored bill text 
HB0181a -1- HB 181
New Text Underlined [DELETED TEXT BRACKETED]

34-LS0778\A

HOUSE BILL NO. 181

IN THE LEGISLATURE OF THE STATE OF ALASKA

THIRTY-FOURTH LEGISLATURE - FIRST SESSION

BY REPRESENTATIVES PRAX, Tomaszewski

Introduced: 4/9/25
Referred: Labor and Commerce

A BILL

FOR AN ACT ENTITLED

"An Act relating to bond requirements for contractors." 1
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 2
* Section 1. AS 08.18.071(b) is amended to read: 3
(b) The amount of the bond for a 4
(1) general contractor shall be $25,000; 5
(2) general contractor with a residential contractor endorseme nt under 6
AS 08.18.025 who performs exclusively residential work shall be $20,000; 7
(3) mechanical or specialty contractor or home inspector shall b e 8
$10,000; or 9
(4) contractor whose work on one project with an aggregate con tract 10
price of $20,000 [$10,000] or less, including all l abor, materials, and other i tems, 11
when the work is not part of a larger or major operation or oth erwise divided into 12
contracts of less than $20,000 [$10,000] to evade a higher bonding requirement, shall 13
be $10,000 [$5,000]. 14