Digest: Requires state agencies to accept surety bonds from people who perform construction work for the state, instead of holding onto some of the money the agencies owe for the work, in order to make sure the work is done correctly. Gives a form for the surety bond. (Flesch Readability Score: 60.5). Requires a contracting agency to accept from contractors surety bonds in lieu of retainage for construction projects and public improvement contracts. Specifies requirements for submitting surety bonds. Specifies relations between a contractor and a subcontractor when the contractor submits a surety bond on behalf of the subcontractor. Declares an emergency, effective on passage.
Chapter 2, (2024 Laws): Effective date March 7, 2024.
Governor signed.
President signed.
Speaker signed.
Thatcher declared potential conflict of interest.
Third reading. Carried by Hansell. Passed.
Second reading.
Recommendation: Do pass the A-Eng. bill.
Work Session held.
Public Hearing held.
Referred to Labor and Business.
First reading. Referred to President's desk.
Third reading. Carried by Boshart Davis. Passed.
Second reading.
Recommendation: Do pass with amendments and be printed A-Engrossed.
Work Session held.
Public Hearing held.
Referred to Business and Labor.
First reading. Referred to Speaker's desk.
| Bill Text Versions | Format |
|---|---|
| A-Engrossed | |
| Enrolled | |
| House Amendments to Introduced | |
| Introduced | |
| HBL Amendment -2 |
| Document | Format |
|---|---|
| No related documents. |
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