§ 23-27.3-116.8. Bonds and liability insurance.
Prior to the issuance of a permit to move or demolish a building, a certificate of insurance and a one hundred percent (100%) performance bond shall be filed with the local building official or, in the case of a state project, with the state building commissioner. The amount of paid certificate shall be determined by the municipality or the state building commission respectively.
(P.L. 1976, ch. 256, § 1.)