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2022 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Bell
Bid Bonds on Certain Construction Projects (SB 258)

Item 82 #2s

Item 82 #2s

First Year - FY2023 Second Year - FY2024
Administration
Department of General Services FY2023 $50,000 FY2024 $50,000 GF

Language
Page 68, line 20, strike "$66,830,235" and insert "$66,880,235".
Page 68, line 20, strike "$66,830,235" and insert "$66,880,235".


Explanation

(This amendment provides $50,000 GF each year to cover the potential fiscal impact associated with SB 258 of the 2022 General Assembly Session, contingent on its final passage, which provides that, except in cases of emergency, that all bids and proposals for construction contracts in excess of $500,000 be accompanied by a bid bond.)