Bill > HB209

This bill enacts new provisions specifically for public works projects in Ascension Parish, Louisiana, establishing a "contract limit" of $500,000 per project that includes labor, materials, equipment, and administrative overhead. The bill requires that starting February 1, 2026, the office of facility planning and control will annually adjust this contract limit based on the Consumer Price Index, and publish the updated limit in the Louisiana Register. For public works contracts exceeding $500,000, the bill mandates that contractors must provide a performance bond covering at least 50% of the contract price, which must be a statutory bond protecting payment to subcontractors and claimants. This bond must be executed with approved surety, recorded with the contract in the parish recorder's office within 30 days of work beginning, and cannot be modified in a way that diminishes the bond's obligations. The bill aims to provide more structured financial protections and clearer guidelines for public works projects in Ascension Parish.

Transportation and Infrastructure

https://www.legis.la.gov/legis/BillInfo.aspx?s=25rs&b=HB209&sbi=y