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CO SB049

Bill

Official Source

Status

Introduced

1/11/2012

Primary Sponsor

Ellen Roberts

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Reduces the required surety bond amount for towing carriers from $50,000 to $10,000.
  • Exempts towing carriers that operate only in counties with a population density of less than 200 persons per square mile from the surety bond requirement.
  • The surety bond is payable to the Public Utilities Commission and covers civil penalty assessments against carriers that fail to pay when due.
  • Takes effect upon passage and applies to towing carriers that apply for permits on, before, or after the effective date.
  • Declares the act necessary for the immediate preservation of public peace, health, and safety.

Legislative Description

PUC Towing Carriers Reduce Surety Bond Requirement

Last Action

Senate Committee on Transportation Postpone Indefinitely

2/21/2012

Committee Referrals

Transportation1/11/2012

Full Bill Text

No bill text available