§ 48-13-34 - Release of bonds; completion of contract and certification from Commissioner of Labor; automatic release
O.C.G.A. 48-13-34 (2010)
48-13-34. Release of bonds; completion of contract and certification from Commissioner of Labor; automatic release
No bond required under this article shall be released until the contract for which the bond is given has been fully performed and until the commissioner obtains a written release from the Commissioner of Labor certifying that all contributions and interest due from the principal on the bond under Chapter 8 of Title 34 have been paid in full. Bonds shall be released automatically two years after written notification of the completion of the contract is received by the commissioner unless a court proceeding has been instituted against the contractor.