Proposed Regulations/COMAR 11.01.17 Public-Private Partnership Program

On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association whose membership includes firms employing licensed resident and non-resident surety bond producers placing bid, performance, and payment bonds throughout the United States and in Maryland, I am writing to provide comments concerning the Maryland Transportation Authority Public-Private Partnership (P3) Program Proposed Regulations. NASBP notes and is concerned that these proposed regulations are silent on statutory bonding requirements for P3 agreements, a critical component to protect taxpayer funds and Maryland small businesses which rely on the presence of payment bonds for payment remedies.

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