Last Action | floor amendments (1) and (2-title) filed |
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Title | AN ACT relating to bonds for performance and payment. |
Bill Documents |
Bill
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Impact Statements | Fiscal Note |
Bill Request Number | 520 |
Sponsors | S. Overly, D. Graham |
Summary of Original Version | Amend KRS 45A.190 to raise minimum construction contract amount requiring performance and payment bonds from $40,000 to $100,000; similarly increase amounts triggering evaluation of whether to require a performance bond for goods and services contracts over $100,000 and construction contracts less than $100,000. |
Index Headings of Original Version |
Budget and Financial Administration - Performance and payment bonds for construction, evaluation of goods and services contracts Contracts - Performance and payment bonds for construction, evaluation of goods and services contracts Purchasing - Performance and payment bonds for construction, evaluation of goods and services contracts Fiscal Note - Performance and payment bonds for construction, evaluation of goods and services contracts |
Proposed Amendments |
House Floor Amendment 1 House Floor Amendment 2 |
02/07/08 |
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02/11/08 |
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02/14/08 |
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02/19/08 |
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02/20/08 |
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03/06/08 |
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Amendment | House Floor Amendment 1 |
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Sponsor | S. Brinkman |
Summary | Delete all language in the bill and insert the following provision: require the staff of the Legislative Research Commission (LRC) to study the state of small, emerging, and minority contractors in the state; require the study to include recommendations regarding the bonding requirements of the Commonwealth contained in KRS Chapter 45A; require a report to the LRC no later than December 1, 2008; authorize the LRC to alternatively assign the study to an interim joint committee or subcommittee thereof, and to designate a study completion date. |
Index Headings |
Budget and Financial Administration - Performance and payment bonds for construction, evaluation of goods and services contracts Contracts - Performance and payment bonds for construction, evaluation of goods and services contracts Purchasing - Performance and payment bonds for construction, evaluation of goods and services contracts Fiscal Note - Performance and payment bonds for construction, evaluation of goods and services contracts |
Amendment | House Floor Amendment 2 |
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Sponsor | S. Brinkman |
Summary | Make title amendment. |
Index Headings |
Budget and Financial Administration - Performance and payment bonds for construction, evaluation of goods and services contracts Contracts - Performance and payment bonds for construction, evaluation of goods and services contracts Purchasing - Performance and payment bonds for construction, evaluation of goods and services contracts Fiscal Note - Performance and payment bonds for construction, evaluation of goods and services contracts |
Last updated: 8/28/2019 8:09 AM (EDT)