§ 141. Claims against contractors. A contractor under a contract
heretofore or hereafter made or awarded by the state or by any public
department or official thereof, in case any claim or notice of claim for
injury or damage to person or property, arising out of or in connection
with the performance of such contract, be made to or filed with the
state or any public department or official thereof, may file with the
comptroller an undertaking in the terms and manner prescribed in this
section, and thereupon the comptroller shall be authorized to make
payments to such contractor pursuant to the terms of such contract. Such
undertaking shall be executed with such sureties, in such form and for
such amount as the comptroller may prescribe, and shall be conditioned
for the payment by such contractor of any judgment which may be
recovered in an action brought upon such claim.