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performance

Bond Legislation Updates June 27, 2013

South Carolina increases percentage owed on performance and payment surety bonds

Introduced to the South Carolina senate on April 25, 2012, HB 3860 specifies that no construction on a project can begin until all bonds and securities have been delivered to the proper governmental agency. Additionally,…


taxicab

Bond Legislation Updates June 17, 2013

District of Columbia Taxicab Commission adopts surety bond requirement

In addition to adopting a new taxicab number system, the District of Columbia Taxicab Commission has adopted a $50,000 surety bond requirement to benefit the District as a part of the licensing process for taxi…


court

Bond Legislation Updates June 12, 2013

Georgia Clerk County Surety Bond Set At $150,000

According to Georgia House Bill 665, anyone who wants to get bonded to become a court clerk must purchase and file a Georgia Clerk County Surety Bond. This bond price is set at $150,000. This…


partnership

Bond Legislation Updates June 11, 2013

North Carolina passes public-private partnership legislation for Onslow County

Ratified unanimously by the North Carolina Senate on May 1, 2013, North Carolina SB 75 allows for partnerships between public and private entities in Oslow County. The passed legislation serves to help streamline the process…


athlete

Bond Legislation Updates May 16, 2013

Oklahoma reduces athlete agent bond amount

Approved by Gov. Mary Fallin on May 1, 2012, Oklahoma House Bill 2967 reduced the surety bond amount required of athlete agents from $250,000 to $50,000. The change went into effect on November 1, 2012….


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What is a surety bond?
What is a surety bond? Learn more below.
What Does It Mean to be ‘Bonded’?

What Does It Mean to Be ‘Bonded’?

The phrase “licensed, bonded and insured” appears frequently in business advertising—but what does it mean?


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