HB18-1383

HB18-1383 - Bonding Requirements For Public Projects Using Private Financing

Postponed Indefinitely
Concerning bonding requirements for a contractor that is party to a contract that uses private financing for construction contracts on public property.

Pursuant to current law, when a person, company, firm, corporation, or contractor (contractor) enters into a contract with certain governmental entities or governmental bodies to perform work in connection with certain projects, 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, public or private financing, or public real property; except that the bonding requirements do not apply in the case of contracts for the development, restoration, or enhancement of wildlife habitat.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

Senate Committees

Latest update: May 2, 2018
05/02/2018 - Senate Committee on Finance Postpone Indefinitely
04/27/2018 - Introduced In Senate - Assigned to Finance
04/27/2018 - House Third Reading Passed - No Amendments
04/26/2018 - House Second Reading Special Order - Passed with Amendments - Committee
04/24/2018 - House Committee on Business Affairs and Labor Refer Amended to House Committee of the Whole
04/12/2018 - Introduced In House - Assigned to Business Affairs and Labor