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MT SB29
Bill
AI Summary
- Authorizes state and local governmental entities to accept electronic bid bonds that are signed electronically or otherwise verified by the bidder and surety company for building or construction projects
- Amends Section 18-2-302, MCA, which governs bid security requirements for state construction projects
- Maintains existing requirement that bid security equal 10% of the bid amount
- Preserves the $150,000 threshold below which governmental entities may waive bid security requirements
- Introduced by Senator J. Esp at the request of the Department of Administration
Legislative Description
Allow electronic submission of bonds for state construction projects
Buildings and Building Regulations
Last Action
Chapter Number Assigned
4/17/2025
Committee Referrals
State Administration2/7/2025
State Administration1/14/2025
Full Bill Text
No bill text available