On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association whose membership includes firms employing licensed surety bond producers placing bid, performance, and payment bonds throughout the United States and in Maryland, I am contacting you to express our support of the proposed revision to the Code of Maryland Regulations (COMAR) 04.01.05, Public-Private Partnership Program. Specifically, NASBP is pleased to see that the proposed Regulations require compliance with Maryland’s statutory bonding requirements for P3 agreements, as referenced in .10 Delivery, which “requires the Secretary to comply with the provisions established in State Finance and Procurement Article, §10A-40.”
Topic
Advocacy, Public Private Partnerships
Publish Date
November 22, 2019
Region
Maryland, States
Audience
Agents, Owners, Sureties
Resource Type
Comment Letter, Resource Map
NASBP Letter Addressing Locality Requirements in VA Bid Bond