Bonding Requirements For Public Projects Using Private Financing
| Type | Bill |
|---|---|
| Session | 2018 Regular Session |
| Subjects |
Concerning bonding requirements for a contractor that is party to a contract that uses private financing for construction contracts on public property.
Bill Summary:
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.)
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 04/25/2018 | PA1 |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.003 [Attachment D]. | The motion passed without objection. | Vote summary |
| Refer House Bill 18-1383, as amended, to the Committee of the Whole. | The motion failed on a vote of 2-3. | Vote summary |
| Postpone House Bill 18-1383 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. | The motion passed on a vote of 3-2. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.001 | The motion passed without objection. | Vote summary |
| Refer House Bill 18-1383, as amended, to the Committee of the Whole. | The motion passed on a vote of 8-1. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/27/2018 | Third Reading | BILL |
50
AYE
14
NO
1
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 05/02/2018 | Senate | Senate Committee on Finance Postpone Indefinitely |
| 04/27/2018 | Senate | Introduced In Senate - Assigned to Finance |
| 04/27/2018 | House | House Third Reading Passed - No Amendments |
| 04/26/2018 | House | House Second Reading Special Order - Passed with Amendments - Committee |
| 04/24/2018 | House | House Committee on Business Affairs and Labor Refer Amended to House Committee of the Whole |
| 04/12/2018 | House | Introduced In House - Assigned to Business Affairs and Labor |
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