All persons contracting for the building or repairing of St. Tammany Parish School System property, shall be required to execute a bond, with approved security, in the amount of the contract and in accordance with LA Statute 38:2241 A (2).

Said bond shall be executed with a company or corporation duly licensed to do business within the State of Louisiana in accordance with LA Statute 38:2219.

Ref: LA-R.S. 38:2241 A (2) and 38:2219.