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Bill > H39


MA H39

Relative to surety bonds


summary

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

Introduced Session

190th General Court

Bill Summary

So much of the recommendations of the Department of the State Treasurer (House, No. 23) as relates to surety bonds. Financial Services.

AI Summary

This bill amends various sections of Massachusetts law related to surety bonds. It allows for the use of "acceptable bond documentation" in addition to physical surety bonds, and it removes the requirement for the state treasurer to physically approve and file bonds, instead requiring the bonds or documentation to be made accessible to the treasurer. The bill aims to modernize the process for submitting and maintaining surety bonds with the state.

Committee Categories

Business and Industry

Sponsors (0)

No sponsors listed

Last Action

Accompanied a study order, see H4778 (on 07/18/2018)

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