Will Davis
- Democratic
- Representative
- District 30
Amends the Public Construction Bond Act. Provides that the Department of Transportation may implement a 5-year pilot program to allow a contractor to provide a non-diminishing irrevocable bank letter of credit in lieu of specified bond requirements on contracts under $500,000. Provides that projects selected by the Department of Transportation for the pilot program must be classified by the Department as low-risk scope of work contracts. Provides for the adoption of rules concerning the criteria for pilot project selection and implementation of the pilot program.
Effective Date January 1, 2023
Governor Approved
Public Act . . . . . . . . . 102-0968
Sent to the Governor
Passed Both Houses
Third Reading - Passed; 055-000-000
Second Reading
Placed on Calendar Order of 3rd Reading April 7, 2022
Do Pass Executive; 016-000-000
Placed on Calendar Order of 2nd Reading
Waive Posting Notice
Assigned to Executive
Rule 2-10 Third Reading Deadline Established As April 8, 2022
Rule 2-10 Committee Deadline Established As April 8, 2022
Referred to Assignments
Chief Senate Sponsor Sen. Ram Villivalam
First Reading
Placed on Calendar Order of First Reading March 8, 2022
Arrive in Senate
Third Reading - Short Debate - Passed 106-000-003
Added Chief Co-Sponsor Rep. Lamont J. Robinson, Jr.
Added Chief Co-Sponsor Rep. Eva-Dina Delgado
Second Reading - Short Debate
Placed on Calendar Order of 3rd Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate State Government Administration Committee; 008-000-000
Assigned to State Government Administration Committee
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. William Davis
Bill Text Versions | Format |
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Introduced | HTML PDF |
Engrossed | HTML PDF |
Enrolled | HTML PDF |
Document | Format |
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Public Act |
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