Florida enacts surety bond requirement to hold private entities accountable

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On June 27, 2013, the state of Florida passed HB 0085, which holds private entities accountable in private-public partnerships.

According to this law, a responsible public entity must now “ensure that provision is made for the private entity’s performance and payment of subcontractors, including, but not limited to, surety bonds, letters of credit, parent company guarantees, and lender and equity partner guarantees.”

If you need a surety bond in Florida or any other state, contact SuretyBonds.com online 24/7 or by phone at 1 (800) 308-4358 Monday through Friday, 7 a.m. to 7 p.m. CST. You’ll be connected with an expert surety specialist who will walk you through each step of the bonding process.