Top 10 strangest surety bonds
From bid bonds to notary bonds, there are thousands of different types of surety bonds required in the U.S. Although there were several bond types to choose from, here are the top 10 of the…
Arkansas amends surety bond requirements for projects under Little Miller Act
Referred to the Senate Committee on State Agencies and Government Affairs, Arkansas HB 1251 requires performance and payment bonds for the components of construction projects that fall under the Little Miller Act. For projects that…
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,…
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…
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…