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

 

What's New: Government Affairs

Compromise Reached in Wyoming on State Bond Threshold

Monday, March 12, 2012  

Wyoming SB 107 went to conference committee this week when the House and the Senate could not agree on whether to increase the state bond threshold or maintain it at $100,000. The conference committee compromised and raised the bond threshold from $100,000 to $150,000. We believe that is the best possible result in this situation. That result was achieved with an effort of the combined resources of SFAA, AIA, PCI and CNA as well as several SFAA members locally that contacted the local contractors associations and otherwise wrote letters to key legislators to express their concerns about the bill.

As introduced, SB 107 would have amended the Little Miller Act regarding the bond threshold for contracts with the state, counties, cities, towns, school districts and other political subdivisions to raise the bond threshold from $100,000 to $250,000. The bill also would have amended the existing code provisions for cities and towns and the procurement provisions on construction manager at risk to increase the bond threshold from $100,000 to $250,000. State counsel for CNA, AIA and PCI worked together with SFAA to amend the bill on the House floor to eliminate the threshold increase, but the Senate did not concur and the bill went to conference committee, where the compromise of a $150,000 threshold was achieved We also were able to get provisions included in the bill to require the interim study committee to review the State's bond threshold.

Full PDF Version


Sign In


Forgot your password?

Haven't registered yet?

What's New
Events

1/18/2017
Surety Claims/Corporate Counsel Advisory Committee Meeting

1/18/2017
Fidelity Claims Advisory Committee Meeting

1/30/2017
Contract Bond Advisory Committee Meeting / AGC Conference on Surety Bonding & Construction Risk Mgmt

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 © 2016 The Surety & Fidelity Association of America