SB437 - Creates Exemption to a Bond Requirement in Public Works Contracts for Certain Persons Providing Works of Art

SB 0437

Creates Exemption to a Bond Requirement in Public Works Contracts for Certain Persons Providing Works of Art

Sponsor:	Wiggins
LR Number:	L1730.01T	Fiscal Note:	1730-01
Committee:	Ways and Means
Last Action:	06/12/97 - Signed by Governor		Journal page:
Title:
Effective Date:	August 28, 1997

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Current Bill Summary

SB 437 - This act would create an exemption to a bond requirement in public works contracts for certain persons providing works of art.

Current law requires that a contractor shall furnish a bond to the public entity for any public works contract with a estimated cost greater than $25,000. This act exempts persons who design, create or otherwise provide works of art under a program established by a city for such purpose from the bond requirement.
RUSS HEMBREE