An Act relating to bond requirements for contractors.

HB 181 changes Alaska's bond requirements for contractors, setting specific amounts based on the type of work and project size. General contractors must post a $25,000 bond, residential-only contractors $20,000, and mechanical/specialty contractors or home inspectors $10,000. For projects under $20,000 total cost (not split to avoid higher bonds), a $10,000 bond is required. This directly affects all contractors performing work in Alaska who must secure these bonds before starting projects. The bill modifies existing law to clarify and adjust bonding thresholds for different contractor classifications.