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CT HB06212

Bill

Official Source

Status

Introduced

1/26/2011

Primary Sponsor

Lonnie Reed

Click for details

Origin

House of Representatives

2011 General Assembly

AI Summary

  • Reduces the required surety bond for new and used car dealer license applicants from $50,000 to $20,000
  • Amends subdivision (2) of subsection (b) of section 14-52 of the general statutes
  • Repeals the increase in surety bond amounts established by public act 10-110
  • Eliminates approximately $500 in yearly surety bond payments for affected dealers
  • Targets relief for small repair shops that occasionally sell vehicles

Legislative Description

An Act Reducing The Amount Of The Surety Bond Furnished By Applicants For A New Or Used Car Dealer's License.

Last Action

Public Hearing 02/18

2/14/2011

Committee Referrals

Transportation1/26/2011

Full Bill Text

No bill text available