NASBP maps offer crucial information on legislation affecting surety industry

By Kathy Hoffman posted 02-08-2016 05:18 PM

  

NASBP provides its membership access online at www.nasbp.org, to maps that highlight local legislative activity, bonding thresholds and other valuable information across the United States.

The maps feature:

  • NASBP comment letters on bills and regulations
  • State statutes authorizing public-private partnerships
  • Federal, state and local agencies that certify disadvantaged business enterprises (DBEs), with hyperlinks to agency websites
  • A survey of state bonding thresholds

With the maps, NASBP is making its resources “as easily accessible to our membership as possible,” says Shannon Crawford, NASBP Manager of State Relations. “It's really important to us.”

The comment letters map serves as a repository of the 150-plus letters that NASBP has submitted on a wide range of issues, including owner prequalification requirements, warranties and surety credit ratings. Members can click on their state and then view comment letters in PDF format, arranged by topic and then by date sent.

The intention is that the letters serve as a template or example for NASBP members who want to address an issue of interest in their state, such as onerous terms in a contract that a client wants to bid on, Crawford says.

“If they’re struggling or dealing with an issue in their state, we want people to see examples of similar issues we've worked on,” she says.

The newest map, the survey of state bonding thresholds, is designed to help the membership keep track of exact citations for states' Little Miller Acts and bond thresholds, as well as which projects the thresholds apply to, Crawford says.

“That's really crucial information for us here internally,” and the NASBP membership also needs to know how and where to find those citations, she says.

While some states have just one threshold, some have multiple–such as Indiana, with six statutes governing different project types, Crawford says. And some might have a separate threshold for alternative project delivery under a different statute, she says.

None of these maps should be construed as legal advice for a specific situation, Crawford emphasizes. Always seek knowledgeable counsel in specific situations, she adds.

To learn more, access the maps and other resources at www.nasbp.org. Access does require a NASBP login and password.

0 comments
357 views

Permalink