bookmark_borderSFAA’s Bill in Indiana to Require Bonding in P3s Goes to Study

SFAA’s Bill in Indiana to Require Bonding in P3s Goes to Study

Indiana HB 1301 would direct the Legislative Council to form an interim study committee to examine requiring performance and payment bonds for future public private partnership (P3) projects for the three P3 laws that SFAA sought to amend. As introduced, HB 1301 contained the amendments that SFAA drafted to require 100% bonds in all three P3 laws. The bill was amended twice to reduce the bond requirements from 100% to 50% and then down to 25% before it was amended again to send the issue to another study committee. HB 1301 has been sent to the Governor. There also are study provisions on bonding for any kind of P3 project in HB 1374 that the Governor has signed. HB 1374 also revises the existing law for the Indiana Finance Authority.

Members should visit Government Relations / General Info (Members) for more information.


bookmark_borderThis Week in Surety & Fidelity Legislation

The Weekly Legislation Report posted has been posted.  SFAA has replaced the monthly overview reports with the weekly
legislative update on Surety & Fidelity legislation.  Reports are
available for Members on the Weekly Legislative Reports page.

Members may sign up to receive email notifications by subscribing to the “Legislative-Regulatory Alert” group.


bookmark_borderSFAA Bill to Address Missouri Case Law on Bonding Public Works Projects Passed out of Committee

SFAA Bill to Address Missouri Case Law on Bonding Public Works Projects Passed out of Committee 

Missouri HB 2453 would amend the existing procurement law to clarify that bonds are required when a construction manager agency is used. The bill has passed out of committee in the House.

Members should visit Government Relations / General Info (Members) for more information.