Contract Bond | Fidelity Bonding

Arkansas amends surety bond requirements for projects under Little Miller Act

little miller

Referred to the Senate Committee on State Agencies and Government Affairs, Arkansas HB 1251 requires performance and payment bonds for the components of construction projects that fall under the Little Miller Act. For projects that do not include construction, any other form of security is acceptable to develop said project.

In subchapter 3 of the bill regarding contracts between public and private entities, the text about bonds reads as such:

(8) For the components of the qualifying project that involve 13 construction, provisions for the delivery of maintenance, payment, and 14 performance bonds, as required under § 18-44-503, and for components of the 15 qualifying project that do not involve construction, bonds, letters or 16 credit, or other forms of security acceptable to the responsible public 17 entity in connection with the development of the qualifying project;

If you need a surety bond in Arkansas or any other state, contact SuretyBonds.com online 24/7 or by phone at 1 (800) 308-4358 Monday through Friday, 7 a.m. to 7 p.m. CST. You’ll be connected with an expert surety specialist who will walk you through each step of the bonding process.

About the Author

Jon Gottschalk
Jon Gottschalk is the Educational Outreach Director for Suretybonds.com and regularly blogs at the Surety Bond Insider to keep consumers informed on new legislation and updates in the commercial surety industry. He is also a licensed property & casualty insurance producer in Missouri.