Loading chat...

ND SB2146

Bill

Official Source

Status

Passed

3/27/2017

Primary Sponsor

Jordan Kannianen

Click for details

Origin

Senate

65th Legislative Assembly

AI Summary

  • Sets the threshold for bidding on public improvement construction projects at $150,000
  • Sets the threshold for procuring architectural and engineering plans, drawings, and specifications at $150,000
  • Requires governing bodies to obtain a performance bond from contractors for public improvement projects exceeding $150,000, with the bond amount equal to at least the contract price
  • Specifies that performance bonds must ensure payment of all labor, materials, supplies, and subcontractor demands, including interest on unpaid bills after 90 days
  • Prohibits governing bodies from requiring contractors to obtain bonds from specified insurance or surety companies or to submit financial data to particular providers

Legislative Description

Public improvement bid and bond thresholds.

Last Action

Signed by Governor 03/24

3/27/2017

Committee Referrals

Industry, Business, and Labor1/6/2017

Full Bill Text

No bill text available