Before issuing a contractor`s license to any applicant, the Board shall require the applicant to file a surety bond of not less than ___ and not more than ___, based on the applicant`s financial position and magnitude of his ope ration.

Before issuing a contractor`s license to any applicant, the Board shall require the applicant to file a surety bond of not less than ___ and not more than ___, based on the applicant`s financial position and magnitude of his ope ration.