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MN HF1981
Bill
Status
Introduced
1/26/2012
Primary Sponsor
Larry Howes
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AI Summary
- Amends Minnesota Statutes 2010, section 574.26, subdivision 2, relating to performance bonds for public works contracts
- Increases the cost threshold for performance bond requirements from $75,000 to $100,000
- Contracts with public bodies for public work amounts of $100,000 or less are exempt from performance and payment bond requirements
- Contractors must still provide performance bonds and payment bonds for contracts exceeding $100,000 to protect public bodies and workers furnishing labor and materials
- Allows recovery of reasonable attorneys' fees, costs, and disbursements in successful actions to enforce claims under the statute
Legislative Description
Public works contracts cost threshold modified.
Last Action
Motion to recall and re-refer, motion prevailed Rules and Legislative Administration
3/21/2012
Committee Referrals
Rules and Legislative Administration3/21/2012
Government Operations and Elections1/26/2012
Full Bill Text
No bill text available