2011 Kentucky Revised Statutes CHAPTER 337 WAGES AND HOURS 337.200 Performance bond for wages due from employer engaged in construction work, or the severance, preparation, or transportation of minerals.
KY Rev Stat § 337.200 (1996 through Reg Sess) What's This?
337.200 Performance bond for wages due from employer engaged in construction
work, or the severance, preparation, or transportation of minerals.
Except for employers who have been doing business in the state for five (5) consecutive
years, every employer engaged in construction work, or the severance, preparation, or
transportation of minerals, shall furnish on a form prescribed by the commissioner a
performance bond to assure the payment of all wages due from the employer. Surety for
the bond shall be an amount of money equal to the employer's gross payroll operating at
full capacity for four (4) weeks. Any employee whose wages are secured by a bond may
obtain payment of those wages, liquidated damages, and attorney's fees as provided by
law on presentation to the commissioner of a final judgment entered by a court of
competent jurisdiction. The bond may be terminated, with the approval of the
commissioner, on submission of the employer's statement, lawfully administered under
oath, that the employer has ceased doing business in the state and that all due wages have
been paid.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 1729, effective July 15, 2010. -- Created
1986 Ky. Acts ch. 121, sec. 1, effective July 15, 1986.
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