LCO No. 2208 1 of 1
General Assembly Proposed Bill No. 6754
January Session, 2025
LCO No. 2208
Referred to Committee on GOVERNMENT ADMINISTRATION
AND ELECTIONS
Introduced by:
REP. HALL J., 7th Dist.
AN ACT INCREASING THE THRESHOLD FOR REQUIRING A
PERFORMANCE BOND FOR CERTAIN SUBCONTRACTOR BIDS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That subsection (b) of section 49-41 of the general statutes be 1
amended to raise the threshold for requiring a performance bond of a 2
subcontractor to bids in which the total estimated cost of labor and 3
materials under the contract with respect to which such subcontractor 4
bid is submitted to less than one million dollars instead of less than fifty 5
thousand dollars. 6
Statement of Purpose:
To raise the threshold for requiring a performance bond of a
subcontractor bid from less than fifty thousand dollars to less than one
million dollars.