FORMERLY HOUSE BILL NO. 456
AN ACT TO AMEND CHAPTER 25, TITLE 30, DELAWARE CODE, RELATING TO LICENSE REQUIREMENTS FOR CONTRACTORS.
Be it enacted by the General Assembly of the State of Delaware:
Section I. Section 2502 (a), Chapter 25, Title 30, Delaware Code, is amended by striking the first sentence of said subsection (a) in its entirety and inserting in lieu thereof the following:
Any resident person desiring to engage in business in this State as a contractor shall obtain a license upon making application to the Division of Revenue and paying a fee of thirty dollars ($30.00), proof of said license compliance to be made prior to, or in conjunction with, the awarding of a project to which he has been named.
Section 2. Section 2502 (b), Chapter 25, Title 30, Delaware Code, is amended by striking subsection (b) in its entirety and inserting in lieu thereof the following:
(b) Any nonresident person desiring to engage in business in this State as a contractor shall be subject to the same requirements as a resident contractor except that, in addition, a nonresident shall be required to obtain a license for each single project in which the gross amount of that project is in excess of $1,000, said license to be obtained, and proof of said license compliance to be made prior to, or in conjunction with, the awarding of each single project to which he has been named; and shall, as a condition to obtaining a license for each such project, post a bond equal to double the amount of the gross payment under the contract for such project multiplied by the rate set forth in subparagraph (c) of this section. The bond required by this section shall be entered upon such terms and conditions as shall be set forth in the regulations promulgated by the Director of the Division of Revenue.
Approved July 3, 1971.