Staff Portal
Loading...
Session 114 - (2001-2002)Printer Friendly
(pdf format)
H*4823 (Rat #0310, Act #0253 of 2002) General Bill, By Cato, Chellis, Battle, G.A. Brown, J. Brown, Cooper, Edge, Harrison, Hinson, Jennings, Law, Lee, Limehouse, Lourie, Miller, Perry, Quinn, Rice, Rutherford, Sandifer, Scarborough, Scott, F.N. Smith, J.E. Smith, Tripp, Trotter, Walker and White
Summary: Surety bonds, to prohibit the State or political subdivisions from requiring that a bond be furnished by a particular surety company, agent, or broker
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 11-35-35 SO AS TO PROHIBIT THE STATE, A POLITICAL SUBDIVISION OF THE STATE, OR OTHER PUBLIC ENTITY OF THE STATE FROM REQUIRING THAT A BOND TO SECURE THE BID OR THE PERFORMANCE OR PAYMENT OF THE CONTRACT BE FURNISHED BY A PARTICULAR SURETY COMPANY OR THROUGH A PARTICULAR AGENT OR BROKER; AND TO AMEND SECTIONS 11-1-120, 11-35-3030, AS AMENDED, 12-28-2740, 29-6-250, AND 57-5-1660, RELATING TO PAYMENT BONDS, BID BONDS, PERFORMANCE BONDS, LABOR AND MATERIAL BONDS, AND HIGHWAY CONSTRUCTION BONDS, RESPECTIVELY, ALL SO AS TO ADD CONFORMING LANGUAGE PROHIBITING THE STATE, A POLITICAL SUBDIVISION OF THIS STATE, OR OTHER PUBLIC ENTITY OF THE STATE FROM REQUIRING THAT THE BOND BE FURNISHED BY A PARTICULAR SURETY COMPANY OR THROUGH A PARTICULAR AGENT OR BROKER.
View full text
Summary: Surety bonds, to prohibit the State or political subdivisions from requiring that a bond be furnished by a particular surety company, agent, or broker
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 11-35-35 SO AS TO PROHIBIT THE STATE, A POLITICAL SUBDIVISION OF THE STATE, OR OTHER PUBLIC ENTITY OF THE STATE FROM REQUIRING THAT A BOND TO SECURE THE BID OR THE PERFORMANCE OR PAYMENT OF THE CONTRACT BE FURNISHED BY A PARTICULAR SURETY COMPANY OR THROUGH A PARTICULAR AGENT OR BROKER; AND TO AMEND SECTIONS 11-1-120, 11-35-3030, AS AMENDED, 12-28-2740, 29-6-250, AND 57-5-1660, RELATING TO PAYMENT BONDS, BID BONDS, PERFORMANCE BONDS, LABOR AND MATERIAL BONDS, AND HIGHWAY CONSTRUCTION BONDS, RESPECTIVELY, ALL SO AS TO ADD CONFORMING LANGUAGE PROHIBITING THE STATE, A POLITICAL SUBDIVISION OF THIS STATE, OR OTHER PUBLIC ENTITY OF THE STATE FROM REQUIRING THAT THE BOND BE FURNISHED BY A PARTICULAR SURETY COMPANY OR THROUGH A PARTICULAR AGENT OR BROKER.
View full text
| 02/27/02 | House | Introduced and read first time HJ-120 |
| 02/27/02 | House | Referred to Committee on Labor, Commerce and Industry HJ-120 |
| 04/10/02 | House | Committee report: Favorable Labor, Commerce and Industry HJ-4 |
| 04/11/02 | House | Read second time HJ-21 |
| 04/11/02 | House | Unanimous consent for third reading on next legislative day HJ-22 |
| 04/12/02 | House | Read third time and sent to Senate HJ-2 |
| 04/16/02 | Senate | Introduced and read first time SJ-11 |
| 04/16/02 | Senate | Referred to Committee on Finance SJ-11 |
| 04/17/02 | Senate | Recalled from Committee on Finance SJ-6 |
| 04/24/02 | Senate | Read second time SJ-41 |
| 04/25/02 | Senate | Read third time and enrolled SJ-13 |
| 05/08/02 | Ratified R 310 | |
| 05/14/02 | Signed By Governor | |
| 06/05/02 | Act No. 253 | |
| 06/25/02 | Effective date 5/14/02 Applies to all subject contracts entered into after this date. | |
| 06/25/02 | Copies available |