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S.F. No. 1673 - Contractor Bond Requirements for Public Work (First Engrossment)
 
Author: Senator John Carlson
 
Prepared By: Alexis C. Stangl, Senate Counsel (651/296-4397)
Krista Boyd, Senate Fiscal Analyst (651/296-7681)
 
Date: March 12, 2012



 

S.F. No. 1673 (First Engrossment) changes the threshold at which the sections relating to contractors’ bonds for public work applies. The amount is linked to the threshold in the competitive bidding law, which is currently $100,000. The sections on contractors’ bonds for public work do not apply to contracts for snow removal, ice removal, grading, or other simlar road maintenance on town roads.

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