The Acceptance of Commercial Standards for Electronic Forms of Bid Security and for Further Consideration of Final Bonds

The National Association of Surety Bond Producers (NASBP)1 and The Surety & Fidelity Association of America (SFAA)2, appreciate the opportunity to submit our comments concerning proposed N.J.A.C. 17:19-6.5 which authorizes the State to accept commercial standards for electronic forms of bid security, as provided under Section 8 of the Act (N.J.S.A. 52:34A8).

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