On behalf of the National Association of Surety Bond Producers (NASBP), a national trade organization of professional surety bond producers and brokers, whose membership includes licensed resident bond agents and licensed non-resident bond agents conducting business in Louisiana, I am writing you to respectfully request your prompt review of resident agent countersignature requirements placed in a recent contract bid solicitation for the Parking Garage and Shell Space at Louisiana State University located in Baton Rouge, LA for Project Number 19-601-98B-05, Part 6. It has come to my attention that the Office of Planning and Control is requiring that bid bonds be “countersigned by a person who is under Contract with a surety as a licensed agency in this State and who is residing in this State.”
NASBP opposes HB 508 S3 which gives the UT Division of Facilities Construction Management the discretion to remove statutory performance and payment bonds.