On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association representing firms employing surety bond producers, including licensed resident and non-resident agents placing contract surety bonds in the State of Connecticut, we strongly oppose SB1135. This legislation seeks to amend Chapter 846 §§49-41(a), Connecticut’s Little Miller Act, by raising the current bond threshold from $100,000 to $5,000,000 for “construction, alteration or repair of a public building or public work of a municipality, should “such municipality by a vote of its legislative body, waives the inclusion of such provision.”
Topic
Advocacy, Contract Surety
Publish Date
March 8, 2023
Region
Connecticut, States
Audience
Owners
Resource Type
Comment Letter, Resource Map
NASBP Letter Addressing Locality Requirements in VA Bid Bond