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. History. Ga. L. 1961, p. 480, § 7; Ga. L. 1972, p. 492, § 2; Code 1933, § 91A-6108, enacted by Ga. L. 1978, p. 309, § 2; Ga. L. 1985, p. 708, § 19. Code Commission notes. Pursuant to Code Section 28-9-5, in 1985, “Commissioner of Labor” was substituted for “Commissioner of the Department of Labor” in the first sentence. RESEARCH REFERENCES C.J.S. 11 C.J.S., Bonds, § 55 et seq.