AN ACT relating construction performance bonding. Amend KRS 198B.040 to require the establishment of a performance bond program for contractors and subcontractors; determine who is subject to the requirement; require that performance bonds be posted for all contracts $5,000 or greater; authorize the Board Housing, Buildings and Construction to promulgate administrative regulations necessary to implement a performance bond program.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2017
Committee Review
Floor Vote
Governor
Introduced Feb 16, 2017
Last action Feb 21, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 21, 2017
Committee
To Licensing, Occupations, & Admin Regs (H)
legislature
Feb 16, 2017
Introduced
Introduced in House
legislature
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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