Surety bonds required for public works contracts or construction, public entity cannot require they be obtained from particular insurance or surety company
Effective Aug 28, 2003(L. 2003 H.B. 314)
- 1. No public entity, nor any officer, agent or employee acting or purporting to act on behalf of such public entity, shall require a bidder, proposer, or contractor to obtain or procure any surety bond, including but not limited to bid bonds, payment bonds and performance bonds, from a particular insurance or surety company, producer, agent, or broker in connection with any contract for the construction of public works.
- 2. Any provision in a public works contract, bidding documents, request for proposals, or similar document in conflict herewith shall be void as contrary to the public policy.
- 3. As used in this section, the terms "public entity" and "public works" shall be given the definition set forth in section 107.170.
(L. 2003 H.B. 314)