Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 03, 2010 |
notice of committee consideration - requested |
Jan 06, 2010 |
referred to finance |
Feb 06, 2009 |
referred to finance |
Senate Bill S1786
2009-2010 Legislative Session
Sponsored By
(D, WF) 35th Senate District
Archive: Last Bill Status - In Senate Committee Finance Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
(D, WF) Senate District
(D) Senate District
(D) Senate District
(D, WF) Senate District
2009-S1786 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A4093
- Current Committee:
- Senate Finance
- Law Section:
- State Finance Law
- Laws Affected:
- Amd ยงยง137 & 139-f, St Fin L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S2830, A2123
2013-2014: A5100
2009-S1786 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1786 TITLE OF BILL : An act to amend the state finance law, in relation to performance and payment bond requirements PURPOSE OR GENERAL IDEA OF BILL : To provide increased performance and payment bond waiver levels for small and certified minority and women-owned businesses. SUMMARY OF SPECIFIC PROVISIONS : This bill would increase the contract threshold for which performance and payment bonds are required to $500,000 for small and certified minority and omen-owned businesses and would require information on bonding requirements or dispensations in advertisements for bids. EFFECTS OF PRESENT LAW WHICH THIS BILL WOULD ALTER : Currently, under the State Finance Law, performance and payment bonds may be dispensed with at the discretion of the state agency head for contracts less than $100,000, or, for contracts not subject to multiple contract award requirements, $200,000. This bill would provide a targeted increase of these thresholds for small and certified minority and women-owned businesses. The bill would also require that information on bonding requirements be included in advertisements for bids.
2009-S1786 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1786 2009-2010 Regular Sessions I N S E N A T E February 6, 2009 ___________ Introduced by Sen. STEWART-COUSINS -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the state finance law, in relation to performance and payment bond requirements THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 137 of the state finance law, as separately amended by section 17 of part MM of chapter 57 and chapter 619 of the laws of 2008, is amended to read as follows: 1. In addition to other bond or bonds, if any, required by law for the completion of a work specified in a contract for the prosecution of a public improvement for the state of New York a municipal corporation, a public benefit corporation or a commission appointed pursuant to law, or in the absence of any such requirement, the comptroller may or the other appropriate official, respectively, shall nevertheless require prior to the approval of any such contract a bond guaranteeing prompt payment of moneys due to all persons furnishing labor or materials to the contrac- tor or any subcontractors in the prosecution of the work provided for in such contract. Whenever a municipal corporation issues a permit subject to compliance with section two hundred twenty of the labor law, such permittee or its contractor or subcontractors furnishing workers shall post a payment bond subject to this section. Provided, however, that all performance bonds and payment bonds may, at the discretion of the head of the state agency, public benefit corporation or commission, or his or her designee, be dispensed with for the completion of a work specified in a contract for the prosecution of a public improvement for the state of New York for which bids are solicited where the aggregate amount of the contract is under one hundred FIFTY thousand dollars and provided further, that in a case where the contract is not subject to the multi- ple contract award requirements of section one hundred thirty-five of this article, such requirements may be dispensed with where the head of EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04469-01-9
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