|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|May 03, 2010||notice of committee consideration - requested|
|Jan 06, 2010||referred to finance|
|Feb 06, 2009||referred to finance|
senate Bill S1786
Archive: Last Bill Status - In Senate Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1786 - Details
- See Assembly Version of this Bill:
- Law Section:
- State Finance Law
S1786 - Sponsor Memo
BILL NUMBER: S1786 TITLE OF BILL : An act to amend the state finance law, in relation to performance and payment bond requirements PURPOSE OR GENERAL IDEA OF BILL : To provide increased performance and payment bond waiver levels for small and certified minority and women-owned businesses. SUMMARY OF SPECIFIC PROVISIONS : This bill would increase the contract threshold for which performance and payment bonds are required to $500,000 for small and certified minority and omen-owned businesses and would require information on bonding requirements or dispensations in advertisements for bids. EFFECTS OF PRESENT LAW WHICH THIS BILL WOULD ALTER : Currently, under the State Finance Law, performance and payment bonds may be dispensed with at the discretion of the state agency head for contracts less than $100,000, or, for contracts not subject to multiple contract award requirements, $200,000. This bill would provide a targeted increase of these thresholds for small and certified minority and women-owned businesses. The bill would also require that information on bonding requirements be included in advertisements for bids.
S1786 - Bill Text download pdf
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