Alaska Governor Bill Walker signed House Bill 247 in June, requiring oil and gas companies that are conducting exploration, development or production in the state to post a $250,000 surety bond. The bill places a cap on tax credits offered…
As several U.S.-based coal companies face declining stock prices, bankruptcies and the lowest production rates since the 1980s, their ability to honor self-bonding obligations has been called into question. There are nearly $4 billion in outstanding self-bonding obligations among…
South Carolina recently became the 49th state to regulate money transmitters, leaving Montana the only state that has yet to do so. The Anti-Money Laundering Act will take effect one year after its June 9, 2016 passage,…
Colorado House Bill 16-1129 was signed on June 8, introducing new regulations designed to combat charitable fraud. The bill takes effect on August 10, 2016. One section of HB 16-1129 increases penalties for charitable fraud,…
Used motor vehicle dealers in Louisiana will see an increase in their surety bond amount following the passage of House Bill 271. Signed by Gov. Edwards on May 31, the bill takes effect on August 1, 2016….