Effective July 1st, 2012, existing surety bonds or other financial responsibility documents will be accepted in the event of a disaster by the Iowa Department of Human Services in lieu of new, additional contract bonds. This new legislation can be found in Iowa Senate Bill 2289.
The department’s goal with accepting existing surety bonds or other types of financial responsibility documentation is to expedite the clean-up and rebuilding process during disasters by creating easier ways for contractors to comply with local and state regulations.
NOTE: Check out our informative Iowa Contractor License Bond Page to view more information on contractor bonds in Iowa.
The Iowa program, pertaining to contracting contractors for clean-up and rebuilding, will not remain in effect for a disaster if the president of the United States declares a major disaster in the state and federal aid is made available to the state.
you can speak with a surety specialist by calling SuretyBonds.com at 1 (800) 308-4358 or by filling out a quick online contact form. A surety expert will help you get the bond you need to remain in compliance with these changes.