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CT HB05487

Bill

Official Source

Status

Introduced

2/26/2016

Primary Sponsor

Planning and Development Committee

Click for details

Origin

House of Representatives

2016 General Assembly

AI Summary

  • Increases the surety bond threshold for public construction, alteration, and repair projects from one hundred thousand dollars to two hundred thousand dollars
  • Requires surety bonds for contracts exceeding two hundred thousand dollars for state or municipal projects, with bonds due on or before the award date
  • Exempts general bids and sub-bids under two hundred thousand dollars from bonding requirements
  • Exempts bids submitted by consultants as defined in section 4b-55 from bonding requirements
  • Takes effect July 1, 2016

Legislative Description

An Act Increasing The Surety Bond Threshold For State And Municipal Projects.

Last Action

Public Hearing 03/04

2/29/2016

Committee Referrals

Planning and Development2/26/2016

Full Bill Text

No bill text available