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HB18-1383

Bonding Requirements For Public Projects Using Private Financing

Concerning bonding requirements for a contractor that is party to a contract that uses private financing for construction contracts on public property.
Session:
2018 Regular Session
Subjects:
Local Government
State Government

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.)

Status

Introduced
Lost

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. F. Winter
Sen. K. Priola

Sponsor

Co-sponsor

Rep. C. Duran, Rep. C. Hansen, Rep. D. Michaelson Jenet, Rep. J. Singer, Rep. D. Young