Requires surety to take certain actions after assuming responsibility for completion of transportation project.

This bill requires financial guarantors (sureties) who take over incomplete transportation projects to take specific actions within strict timelines. Within 60 days of assuming responsibility, a surety must enter a contract with a contractor and then require construction to begin or resume within another 60 days. The law applies to all sureties managing such projects, including those already responsible when the bill takes effect, with exceptions for projects already underway. Violations carry a daily penalty of at least $10,000. It directly affects sureties overseeing transportation projects, aiming to prevent delays in project completion.