| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | LCO No. 2208 1 of 1 | |
| 4 | 4 | ||
| 5 | 5 | General Assembly Proposed Bill No. 6754 | |
| 6 | 6 | January Session, 2025 | |
| 7 | 7 | LCO No. 2208 | |
| 8 | 8 | ||
| 9 | 9 | ||
| 10 | 10 | Referred to Committee on GOVERNMENT ADMINISTRATION | |
| 11 | 11 | AND ELECTIONS | |
| 12 | 12 | ||
| 13 | 13 | ||
| 14 | 14 | Introduced by: | |
| 15 | 15 | REP. HALL J., 7th Dist. | |
| 16 | 16 | ||
| 17 | 17 | ||
| 18 | 18 | ||
| 19 | 19 | AN ACT INCREASING THE THRESHOLD FOR REQUIRING A | |
| 20 | 20 | PERFORMANCE BOND FOR CERTAIN SUBCONTRACTOR BIDS. | |
| 21 | 21 | Be it enacted by the Senate and House of Representatives in General | |
| 22 | 22 | Assembly convened: | |
| 23 | 23 | ||
| 24 | 24 | That subsection (b) of section 49-41 of the general statutes be 1 | |
| 25 | 25 | amended to raise the threshold for requiring a performance bond of a 2 | |
| 26 | 26 | subcontractor to bids in which the total estimated cost of labor and 3 | |
| 27 | 27 | materials under the contract with respect to which such subcontractor 4 | |
| 28 | 28 | bid is submitted to less than one million dollars instead of less than fifty 5 | |
| 29 | 29 | thousand dollars. 6 | |
| 30 | 30 | Statement of Purpose: | |
| 31 | 31 | To raise the threshold for requiring a performance bond of a | |
| 32 | 32 | subcontractor bid from less than fifty thousand dollars to less than one | |
| 33 | 33 | million dollars. |