2025 Regular Session • Mississippi Legislature
SB2584: Public works construction; performance bond not required if contract is less than $50,000.00 and paid in two equal installments.
Legislative Summary
An Act To Amend Section 31-5-51, Mississippi Code Of 1972, To Provide That A Performance Bond Is Not Required When A Contract For The Construction, Alteration Or Repair Of Any Public Building Or Public Work Is Less Than $50,000.00 And The Public Body Elects To Make Two Payments Valued At 50% Of The Contract Amount; And For Related Purposes.
Demographic Impact
Overall analysis of equity impact
60% Positive
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Bill History
1/20/2025
Referred To Accountability, Efficiency, Transparency
Senate
2/4/2025
Died In Committee
Senate
Status Information
Current Status
Failed(2/4/2025)
Chamber
Senate
Sponsors
Democrat: 1
Primary Sponsor
John Horhn
Democrat