Accept Cookies?
Print Page   |   Contact Us   |   Sign In   |   Register
Search
Small & Emerging Contractors

 

What's New: Government Affairs

Multiple Government Affairs updates posted

Tuesday, May 30, 2017  
 

SFAA and AIA Addressing Bond Threshold Indexing in Wisconsin

SFAA and AIA are working to eliminate the statutory indexing requirement for the Little Miller Act bond threshold in Wisconsin.  SFAA and AIA are seeking to have provisions added to the Governor’s 2017 budget bill to eliminate the indexing and freeze the bond thresholds at the current levels.  The Little Miller Act currently requires bonding at $369,000 for state projects and $148,000 for local projects.  We expect our bill to be included in the Administration’s budget bill through an amendment.

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

 

SFAA and AIA Addressing New Hampshire Bond Threshold Bill

SFAA and AIA continue to address New Hampshire HB 371, which would increase the bond threshold from $35,000 to $100,000. The bill is in conference committee to address differences in the House and Senate regarding a provision that would have permitted political subdivisions to opt out of applying the bonding requirements for the state bond threshold.

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

 

SFAA Successfully Addresses Little Miller Act Bills in Tennessee for 2017

SB 681 has been enacted to revise Tennessee’s Little Miller Act so that the bonds required for public construction contracts must be for a minimum of 25% of the contract price. Under prior law, the bonds had to be equal to 25% of the contract price.  SFAA also defeated legislation in Tennessee that would have increased the bond threshold from $100,000 to $200,000 for contracts let by the State Building Commission for state building projects.

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

 

Louisiana Bill for Regional Transit P3 Projects Moving

Louisiana HB 379 would authorize the Regional Transit Authority (regional authority) to use public-private partnerships (P3) for transportation facility projects.  The regional authority would have to comply with the Department of Transportation's existing bonding requirements, which is identical to a provision SFAA and AIA obtained in a P3 law last year.  The bill passed the Senate and is pending final approval in the House.

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

 

SFAA and AIA Addressing Oregon Bill Permitting Toll Projects for Port Authority

Oregon HB 2750, which would allow the Port of Hood River to conduct tollway projects within its district. The bill would allow private entities to own and operate the tollway in an agreement with the port.  Except for the prevailing wage laws, the bill would exempt these projects from the existing public procurement laws for construction contracts so that the Little Miller Act would not apply.  SFAA and AIA are seeking amendments to require bonding for these projects.

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

 

Oklahoma Enacts New Public-Private Partnership Laws

In Oklahoma, two bills have been enacted to allow the State and local governments to enter into public private partnerships (P3). For state projects, SB 430 creates the Office of Public Private Partnerships and a Partnership Committee to review proposals for public projects to determine if a P3 is the best method for delivering the project. The conditions for the P3 will be set forth in the P3 agreement, which may include requirements for performance and payment bonds for all construction activities. Bonds or other security may be required under the agreement for the development or operation of the qualifying project, in the forms and amounts that are satisfactory to the responsible governmental entity. The Department of Transportation and the Turnpike Authority (Authority) are exempted from the requirements in the P3 law for state projects and can set their own requirements. For local projects, HB 1534 authorizes local governments to enter into P3s for any public project and contains the same bonding requirements as SB 430.

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

 

Nevada P3 Bill Moving with Bonding Amendments

Nevada SB 448 would authorize counties with a population exceeding 700,000 to enter into public-private partnerships (P3) for transportation projects and social infrastructure projects for art, tourism and entertainment, including sports stadiums for use by Major League Baseball or the National Football League.  SFAA, AIA, and NASBP obtained amendments that would require performance and payment bonds in compliance with the Little Miller Act for the design and construction portion of the project.  Bonds or other security may be required in addition to these bonds if needed.

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

 

States Consider Model Law on Notaries with Bonding Requirements

In 2017, some states have introduced bills this year to implement the Revised Uniform Law on Notarial Acts from the National Conference of Commissioners on Uniform State Law (NCCUSL).  The revised model now contains a provision that is optional for the states to enact that requires the notary to post a bond or its functional equivalent and leaves it to the state to decide the amount required.  The model gives the state agency implementing the law the authority to determine what forms of security would be accepted through regulations.  Since the 2010 revisions to the Uniform Act states have moved to incorporate the NCCUSL amendments.  In a few states, this has led to a new bonding requirement, while some states have reconsidered their bonds amounts.  Bills were considered in Idaho (HB 125/HB 209), Indiana (SB 539), Kentucky (HB 218/HB 539), Minnesota (SB 893/HB 1609), and Washington (SB 5081).

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




Sign In
Sign In securely
What's New
Events

10/23/2017 » 10/25/2017
Commercial Surety Seminar

11/8/2017
Fidelity/Fidelity Claims Advisory Committee Meeting

1140 19th Street, NW, Suite 500 · Washington, DC 20036-6617
Phone: 202-463-0600 · Fax: 202-463-0606

Contact Us

 

Follow SFAA: TwitterFacebookLinkedInRSS FeedSFAA NewsFlash

- Legal Notices and Disclaimers -

 

Copyright © 2017 The Surety & Fidelity Association of America