SB1340: Commissioner of Hwys.; prequalification program for self-bonding program, removes certain reports.
Legislative Summary
Commissioner of Highways; prequalification program for self-bonding program; certain reports; repealed. Removes (i) the biennial report requirement for the Commissioner of Highways regarding the use of funds in the Innovation and Technology Transportation Fund; (ii) the requirement for a prequalification program agreed upon by the Commissioner of Highways and the Department of the Treasury for the self-bonding program for transportation-related construction projects; and (iii) reporting requirements for the Department of Transportation regarding certain information related to performance or payment bonds, waivers, and self-bonding program enrollment.
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