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House Bill 481

Actions | Amendments
Last Action floor amendments (1) and (2-title) filed
Title AN ACT relating to bonds for performance and payment.
Bill Documents Bill
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

Actions

Top | Amendments
02/07/08
  • introduced in House
02/11/08
  • to Appropriations & Revenue (H)
02/14/08
  • posted in committee
02/19/08
  • reported favorably, 1st reading, to Calendar
02/20/08
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Thursday, February 21, 2008
03/06/08
  • floor amendments (1) and (2-title) filed

Proposed Amendments

Top | Actions
Amendment House Floor Amendment 1
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
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)