MA H29

Bill

Relative to surety bonds

Introduced
04/13/2021

In Committee
04/13/2021

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

So much of the recommendations of the Department of the State Treasurer (House, No. 25) as relates to surety bonds. Financial Services.

AI Summary

This bill amends various sections of the Massachusetts General Laws related to surety bonds. The key provisions are: 1. Allowing "acceptable bond documentation" in addition to a sufficient bond in certain sections of the law. 2. Changing the process for approving and filing surety bonds, so that the bond or acceptable bond documentation is made accessible to the state treasurer instead of being filed directly with the treasurer. 3. Updating language to refer to "bond or acceptable bond documentation" in sections related to certain licenses and registrations that require a surety bond. These changes appear to provide more flexibility in the types of documentation that can be used to meet surety bond requirements, while still maintaining the overall approval process through the Commissioner of Banks and accessibility to the State Treasurer.

Committee Categories

Business and Industry

Sponsors (0)

No sponsors listed

Last Action

Accompanied a study order, see H4976 (on 09/01/2022)

Official Document

https://malegislature.gov/Bills/192/H29

(10 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H29
Bill	https://malegislature.gov/Bills/192/H29.pdf

Bill	Bill Name	Last Action	Type
H26	Modernizing the Massachusetts alcohol laws	Accompanied a new draft, see H4587	Similar To
H27	Authorizing charity alcohol auctions	Accompanied a study order, see H4880	Similar To
H3909	Authorizing certain investments by the treasurer of the town of Groton	Signed by the Governor, Chapter 28 of the Acts of 2022	Similar To
H3970	Providing for the appointment of a treasurer/collector in the town of Rehoboth	Signed by the Governor, Chapter 101 of the Acts of 2021	Similar To
H4976	Study Order	No further action taken	Replaced by
S1355	Authorizing the investment of trust funds benefiting the town of Sherborn library	Signed by the Governor, Chapter 336 of the Acts of 2022	Similar To
S1364	Authorizing certain investments by the Treasurer of the town of Milton	Signed by the Governor, Chapter 60 of the Acts of 2021	Similar To
S203	Establishing an online lottery	Accompanied a study order, see S2666	Similar To
S2031	Advancing taxpayers' right to know	Accompanied a new draft, see S2828	Similar To
S2518	Authorizing the treasurer of the town of Middleborough to pay from available funds to Middleborough High School students, parents or guardians amounts paid but not reimbursed for the costs of the 2020 senior trip	Signed by the Governor, Chapter 226 of the Acts of 2022	Similar To

Bill > H29

MA H29

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Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (0)

Last Action

Official Document

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