Thank you for contacting the National Association of Surety Bond Producers (NASBP) concerning Senate Bill 851, which would create a registration system for individual sureties seeking to issue surety bonds and extend for five years the law that allows individual sureties to write bonds on procurement contracts in Maryland. NASBP appreciates your leadership on this legislation and your thoughtful concerns regarding the ability for small, emerging, and minority contractors to obtain surety bonds so they may bid on state and local government contracts.
Topic
Advocacy, Contract Surety, Procurement and Delivery Methods, Small and Disadvantaged Business Matters
Publish Date
March 19, 2014
Region
Maryland, States
Audience
Owners
Resource Type
Comment Letter, Resource Map
NASBP Letter Addressing Locality Requirements in VA Bid Bond