The National Association of Surety Bond Producers (NASBP), a national trade association of professional surety bond producers whose membership includes resident and non-resident businesses employing licensed surety bond producers placing bid, performance, and payment bonds throughout the United States, including the State of Connecticut, strongly supports Raised Bill No. 5570. This bill would overturn the effect of the Connecticut Supreme Court’s decision in State of Connecticut v. Lombardo Brothers Mason Contractors, Inc., et al., 307 Conn. 106 (2012). The Court held that claims by the state or its political subdivisions cannot be barred by statutes of limitation or repose due to the doctrine of nullum tempus occurrit regi. While the Court declined to abolish nullum tempus, it observed that the legislature has that authority; and NASBP applauds this effort to legislatively abrogate the doctrine.
NASBP Letter Addressing Locality Requirements in VA Bid Bond