General Assembly Proposed Bill No. 6212
January Session, 2011 LCO No. 1802
Referred to Committee on Transportation
Introduced by:
REP. REED, 102nd Dist. REP. BERGER, 73rd Dist.
General Assembly
Proposed Bill No. 6212
January Session, 2011
LCO No. 1802
Referred to Committee on Transportation
Introduced by:
REP. REED, 102nd Dist.
REP. BERGER, 73rd Dist.
AN ACT REDUCING THE AMOUNT OF THE SURETY BOND FURNISHED BY APPLICANTS FOR A NEW OR USED CAR DEALER'S LICENSE.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That subdivision (2) of subsection (b) of section 14-52 of the general statutes be amended to reduce the surety bond that applicants for a new car dealer's or a used car dealer's license are required to furnish from fifty thousand dollars to twenty thousand dollars.
Statement of Purpose:
To repeal the increase in the amount of the surety bond made by public act 10-110. The increase adds approximately five hundred dollars to the amount of the yearly payment and is a major hardship for the little guys who mostly repair cars and occasionally sell one.