History of Actions | Background | Title |
Description: Contractors; require payment and performance bonds to protect subcontractors.
| 1 | 01/13/98 | (S) | Referred To Business and Financial Institutions | |
| 2 | 02/03/98 | (S) | Died In Committee |
| Effective date | July 1, 1998 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | No |
Senate Committee:
Principal Author: Carter
Code Sections: A 085-0007-0185, RP 085-0007-0187, A 085-0007-0189, A 085-0007-0191
Title: AN ACT TO AMEND SECTION 85-7-185, MISSISSIPPI CODE OF 1972, TO REQUIRE PERSONS ENTERING INTO PRIVATE CONTRACTS FOR CONSTRUCTION, ALTERATION OR REPAIR FOR A COST OF $1,000,000.00 OR MORE TO FURNISH PERFORMANCE AND PAYMENT BONDS; TO REPEAL SECTION 85-7-187, MISSISSIPPI CODE OF 1972, WHICH PROVIDES FOR PERSONS WITH A RIGHT OF ACTION ON CONSTRUCTION BONDS; TO AMEND SECTION 85-7-189, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR CONTRACTS GREATER THAN $1,000,000.00; TO AMEND SECTION 85-7-191, MISSISSIPPI CODE OF 1972, TO APPLY ONLY TO CONTRACTS LESS THAN $1,000,000.00; AND FOR RELATED PURPOSES.
End Of Document
1998/History/SB\SB2514.htm