M/WBE BONDING REQUIREMENTS
Summary
Urges the Department of Commerce and Economic Opportunity to consider whether a surety program should be administered to provide a financial guarantee to bonding companies for projects conducted by minority-owned and women-owned small businesses. Urges the Department of Insurance to find ways to help identify and encourage bond companies to participate in a program for minority-owned and women-owned small business construction firms. Urges the Department of Transportation and the Capital Development Board to review their bonding requirements for minority-owned and women-owned small business participants in light of the number of defaults by those companies over the last 5 years to determine whether their requirements are more stringent than necessary. Urges the Department of Commerce and Economic Opportunity, the Department of Insurance, the Department of Transportation, and the Capital Development Board to report to the General Assembly with recommendations to reform bonding requirements for minority-owned and women-owned small business firms in public construction projects.
Bill status
passed
3 of 5 stages cleared
Introduction
Apr 2011
Committee Review
May 2011
Senate Passage
May 2011
House Passage
Governor
Introduced Apr 27, 2011
Last action May 27, 2011
Floor votes
How they voted
This bill passed the Senate. No roll call record of that vote is available.
Full legislative history
Actions timeline
Total actions
12
Key actions
1
Committee
5
Amendments
2
May 27, 2011
Senate · Passed
Resolution Adopted as Amended
May 16, 2011
Senate · Reported by committee
Be Adopted as Amended State Government and Veterans Affairs; 009-000-000
May 16, 2011
Senate · Amendment adopted
Senate Committee Amendment No. 1 Adopted
May 10, 2011
Senate · Reported by committee
Senate Committee Amendment No. 1 Assignments Refers to State Government and Veterans Affairs
May 6, 2011
Senate · Referred to committee
Senate Committee Amendment No. 1 Referred to Assignments
May 6, 2011
Senate · Amendment offered
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Martin A. Sandoval
May 5, 2011
Senate · Referred to committee
Assigned to State Government and Veterans Affairs
Apr 27, 2011
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Martin A. Sandoval
DDemocratic
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