KRS 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 enga ged 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 amou nt 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.