ENROLLED
ACT No. 26
2024 Regular Session
HOUSE BILL NO. 514
BY REPRESENTATIVE BRAUD
1 AN ACT
2 To amend and reenact R.S. 48:252(A)(introductory paragraph) and 253(A), relative to
3 projects by the Department of Transportation and Development; to increase the
4 excess cost threshold for certain projects; to provide relative to bid bonds required
5 for certain Department of Transportation and Development projects; to provide for
6 an effective date; and to provide for related matters.
7 Be it enacted by the Legislature of Louisiana:
8 Section 1. R.S. 48:252(A)(introductory paragraph) and 253(A) are hereby amended
9 and reenacted to read as follows:
10 §252. Advertisement for bids; public presentment and reading of bids; fee for bid
11 proposals
12 A. Contracts for projects with an aggregate estimated cost less than the
13 contract limit but in excess of fifty one hundred thousand dollars shall be let in
14 accordance with the following provisions:
15 * * *
16 §253. Bid bonds accompanying bids
17 A. Every bid submitted for projects in excess of fifty one hundred thousand
18 dollars shall be accompanied by a bid bond guaranteed by a surety company
19 qualified to do business in this state. The bid bond submitted shall be for five
20 percent of the official bid amount.
21 * * *
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HB NO. 514 ENROLLED
1 Section 2. This Act shall become effective upon signature by the governor or, if not
2 signed by the governor, upon expiration of the time for bills to become law without signature
3 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
4 vetoed by the governor and subsequently approved by the legislature, this Act shall become
5 effective on the day following such approval.
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.