Archive for April, 2012
* California State Capital – Sacramento *
- AB 1901 – Affects design-build contracts and proposes removing the $2.5 million threshold for using design-build contractors for county public construction projects, but does change the bonding requirements that exist under current law.
- AB 1947 – Affects bid bonds and proposes a requirement for bid bonds for State Legislature projects (other than emergency projects).
- SB 2185 – Relates to payment bonds and allows the High-Speed Rail Authority to accept payment bond in an amount equal to the lesser of half the contract price, or $500 million. This requirement only applies to projects with a contracts over $250 million.
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Arizona State House of RepresentativesThere are just a few items currently under consideration in Arizona related to surety bonds. The following laws are either being reviewed or simply held for future discussion. As you will see in the following legislative activity, several new bond requirements are being reviewed, and several other existing requirements are under modification review. They include HB 2168 (permit bonds), HB 2204 (court bonds), HB 2462 (court bonds), and HB 2737 (bond for towing companies.
Arizona Surety Bond Activity
- House Bill 2168 relating to permit bonds is being monitored while held in committee. HB 2168 sets forth the ability for Arizona municipalities to issue self-certified permits. If enacted, these municipalities would be required to set adequate surety bond limits for coverage against faulty permits.
- House Bill 2204 concerns private prisons and miscellaneous surety bond requirements. In essence, HB 2204 clarifies that the surety bond (or alternative insurance) that is currently required for private prisons to prove financial responsibility shall be for AT LEAST $10 million, and not EXACTLY $10 million, as it is currently set. Status: Second Read.
- House Bill 2462 relates to court bonds associated with seized animals. HB 2462 would reduce the surety bond amount for owners of a dog that was seized due to suspected cruel mistreatment, neglect or abandonment from $200 to $25 per animal. The bond is suposed to cover care costs for the animals. Status: HB 2462 has passed the House and is headed to the Senate.
- House Bill 2737 relates to towing companies and sets forth a brand new surety bond requirement of $100,000. HB 2737 status: second read.
Alabama State House
- HB 80 passed to the State Senate, a law which seeks to regulate private investigators by preventing local authorities from managing licensing, thus affecting private investigator and private detective surety bond requirements.
- HB 169 passed to the Senate and declares the Alabama Development Office could determine performance bond requirements for special state projects.
- HB 191/HB 195, introduced on 2/7/12, sets for a bonding requirement for the treausrer of the board for a municipal improvement district.
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