The Virginia legislature has passed a bill that raises the minimum contract amount required for bid, performance and payment bonds. House Bill 1951, entitled “Public Procurement Act,” increases the minimum contract amount from $100,000 to…
Rhode Island Banking Regulation 6 (more formally known as Surety Bond and Minimum Net Worth Pursuant to the Secure and Fair Enforcement Mortgage Licensing Act of 2009) is set to go into effect Jan. 18….
The recent enactment of Senate Bill 392 in California authorizes the Contractors State License Board (CSLB) to issue contractors licenses to limited liability companies effective no later than January 1, 2012. The passing of this…