On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association of firms employing professional surety bond producers licensed and conducting business in Indiana, I am contacting you concerning SB 225, specifically Section 30 subsection 6. In this bill, the scope of Indiana’s Public-Private Partnership (P3) law is expanded to include projects as well as facilities. SB 225 and current law IC 5-23-3-2(6) appear to grant discretion to public contracting authorities in requiring surety bonds on P3 projects.
Topic
Advocacy, Public Private Partnerships
Publish Date
January 30, 2014
Region
Indiana, States
Audience
Agents, Owners, Sureties
Resource Type
Comment Letter, Resource Map
NASBP Letter Addressing Locality Requirements in VA Bid Bond