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HB 481/FN (BR 520) - S. Overly, D. Graham
AN ACT relating to bonds for performance and payment.
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.
HB 481 - AMENDMENTS
HFA (1, S. Brinkman) - 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.
HFA (2/Title, S. Brinkman) - Make title amendment.
Feb 7-introduced in House
Feb 11-to Appropriations & Revenue (H)
Feb 14-posted in committee
Feb 19-reported favorably, 1st reading, to Calendar
Feb 20-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, February 21, 2008
Mar 6-floor amendments (1) and (2-title) filed
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