Section 60-13-51 - Contractor's bond; municipal requirement prohibited.
60-13-51. Contractor's bond; municipal requirement prohibited.
No municipality shall require any person or corporation licensed under the provisions of the Construction Industries Licensing Act [60-13-1 NMSA 1978] to file or obtain as a condition of doing business as a licensed contractor within the municipality any additional license bond as proof of responsibility if the person or corporation has met the responsibility requirements of the commission.