General Assembly Proposed Bill No. 703 January Session, 2011 LCO No. 826 Referred to Committee on Transportation Introduced by: SEN. GUGLIELMO, 35th Dist. General Assembly Proposed Bill No. 703 January Session, 2011 LCO No. 826 Referred to Committee on Transportation Introduced by: SEN. GUGLIELMO, 35th Dist. AN ACT REDUCING SURETY BOND REQUIREMENTS FOR USED AUTOMOBILE DEALERS. Be it enacted by the Senate and House of Representatives in General Assembly convened: That the general statutes be amended to reduce the surety bond amount required for used automobile dealers to twenty thousand dollars. Statement of Purpose: To reduce the surety bond amount required for used automobile dealers to twenty thousand dollars.