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Bill Detail: SB19-138

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Title Bond Requirements For Public Projects Using Private Financing
Status Governor Signed (04/16/2019)
Bill Subjects
  • Local Government
  • State Government
House Sponsors S. Bird (D)
Senate Sponsors K. Priola (R)
F. Winter (D)
House Committee Finance
Senate Committee Finance
Date Introduced 02/12/2019

Under current law, when a person, company, firm, corporation, or
contractor (contractor) enters into a contract with a county, municipality,
school district, or, in some instances, any other political subdivision of the
state to perform work in connection with a project that has specified
characteristics, the contractor is required to execute performance bonds
and payment bonds.

The bill specifies that these bonding requirements apply to all
construction contracts situated or located on public real property using
public or private money or public or private financing.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (06/13/2019) (most recent)  
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