Bill Text: IN HB1374 | 2019 | Regular Session | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Performance and payment bonds. Provides that for public-private BOT agreements, public-private agreements for toll road projects, and public-private partnership agreements for transportation projects entered into after June 30, 2019, a performance bond must be for not less than 50% of the cost to design and construct the project and a payment bond must be for not less than 100% of the cost to design and construct the project.
Spectrum: Partisan Bill (Republican 5-0)
Status: (Passed) 2019-05-02 - Public Law 208 [HB1374 Detail]
Download: Indiana-2019-HB1374-Introduced.pdf
Bill Title: Performance and payment bonds. Provides that for public-private BOT agreements, public-private agreements for toll road projects, and public-private partnership agreements for transportation projects entered into after June 30, 2019, a performance bond must be for not less than 50% of the cost to design and construct the project and a payment bond must be for not less than 100% of the cost to design and construct the project.
Spectrum: Partisan Bill (Republican 5-0)
Status: (Passed) 2019-05-02 - Public Law 208 [HB1374 Detail]
Download: Indiana-2019-HB1374-Introduced.pdf
