PUBLIC CONSTRUCTION BONDS
Summary
Amends the Public Construction Bond Act. Provides that public construction bonds are required only for those public work construction contracts that are valued over $5,000,000. Authorizes any official, board, commission, agent of the State, or any political subdivision of the State to create a self-insured risk pool for contracts of $5,000,000 or less. Defines "self insured risk pool".
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
Governor
Introduced Jan 31, 2023
Last action Apr 17, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
14
Key actions
2
Committee
5
Mar 31, 2023
Committee
Rule 3-9(a) / Re-referred to Assignments
lower
Mar 23, 2023
Lower · Passed
Rule 2-10 Committee Deadline Established As March 31, 2023
lower
Mar 10, 2023
Lower · Passed
Rule 2-10 Committee Deadline Established As March 24, 2023
lower
Jan 31, 2023
Committee
Assigned to Executive
lower
Jan 31, 2023
Committee
Referred to Assignments
lower
1 primary · 6 co-sponsors
Sponsors
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