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House Bill 1433


House Bill 1433

ARCHIVE (2004)

Latest Information

 

DIGEST OF INTRODUCED BILL


Surety bonds for state public works projects. Provides that certain state public works contracts may not require a contractor or subcontractor to obtain a surety bond from a specific insurance or surety company, agent, or broker. Permits these public works contracts, to the extent consistent with law, to require a contractor or subcontractor to meet part or all of the bonding or insurance requirements for the project under a negotiated arrangement. Requires the department of insurance to establish a program to provide surety technical assistance services to benefit historically underutilized businesses.
Current Status:
 In Committee - first House
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