Section 18-44-503 - Public buildings and improvements - Definition(a) A public construction contract in a sum exceeding fifty thousand dollars ($50,000) shall not be entered into by the State of Arkansas or any subdivision of the state, by any county, municipality, school district, or other local taxing unit, or by any agency of the state, a subdivision of the state, a county, a municipality, a school district, or any other local taxing unit, unless the contractor furnishes to the party letting the contract a payment bond in a sum equal to the amount of the public construction contract.(b) A payment bond required under subsection (a) of this section shall cover all claims for labor and materials necessary or used for the public construction contract, including without limitation a claim for the: (1) Wages of construction workers under the public construction contract;(2) Wages or salaries of supervisory and administrative personnel under the public construction contract;(3) Use of temporary facilities;(4) Purchase or rental of any machinery, equipment, or hand tools not customarily owned by construction workers;(5) Purchase of building permits;(6) Payment of construction testing fees;(7) Purchase of fuel oil and gasoline;(8) Payment of premiums for bonds and liability and workers' compensation insurance;(9) Taxes or payments due to the state or any political subdivision of the state arising from the wages earned by construction workers under the public construction contract or in connection with the public construction contract; and(10) Wages earned by workers on the public construction contract covered by the payment bond.Amended by Act 2021, No. 986,§ 2, eff. 7/28/2021.Amended by Act 2019, No. 658,§ 1, eff. 7/24/2019.Amended by Act 2019, No. 910,§ 6078, eff. 7/1/2019.Amended by Act 2015EX1, No. 8,§ 8, eff. 7/1/2015.Amended by Act 2015EX1, No. 7,§ 8, eff. 7/1/2015.Acts 1953, No. 351, § 1; 1957, No. 209, § 1; 1969, No. 468, § 1; 1979, No. 539, § 1; A.S.A. 1947, § 51-632; Acts 1987, No. 757, § 1; 2001, No. 961, § 2.