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Bill > H1656


MA H1656

Creating the state guarantee fund for default on public construction surety bond payments


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation to establish the public construction surety bond state guarantee fund. State Administration and Regulatory Oversight.

AI Summary

This bill establishes the public construction surety bond state guarantee fund. The fund will provide coverage for default on public construction surety bond payments. This legislation falls under the jurisdiction of State Administration and Regulatory Oversight, and it applies to any claim by a qualifying purchaser on or after January 1, 2012.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Accompanied a study order, see H4481 (on 05/10/2018)

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