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CT HB06754
Bill
Status
Introduced
1/28/2025
Primary Sponsor
Joshua Hall
Click for details
AI Summary
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Amends subsection (b) of section 49-41 of Connecticut general statutes regarding performance bond requirements for subcontractors
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Raises the threshold for requiring a performance bond from contracts under $50,000 to contracts under $1 million
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Applies to subcontractor bids where the total estimated cost of labor and materials falls below the threshold
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Introduced by Rep. Hall J. (7th District) and referred to the Committee on Government Administration and Elections
Legislative Description
An Act Increasing The Threshold For Requiring A Performance Bond For Certain Subcontractor Bids.
Last Action
Referred to Joint Committee on Government Administration and Elections
1/28/2025
Committee Referrals
Government Administration and Elections1/28/2025
Full Bill Text
No bill text available