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What's New: Government Affairs

SFAA’s Bill to Require Bonding for P3s in Indiana Passes House

Tuesday, February 6, 2018  
SFAA’s Bill to Require Bonding for P3s in Indiana Passes House 

Indiana HB 1301, which would amend the three existing P3 laws to require bonding, has passed the House.  For these projects, the bill would require a performance bond in an amount equal to at least 25% of the cost to design and construct the project and a payment bond that is conditioned on payment for labor and material furnished for use in the construction of the project.  The bill was amended prior to passage in the House to reduce the bond amount.

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



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