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SURETY BOND BLOG

Monthly Archives: June 2010

24
Jun
2010

Public Official Bonds

Proceedings of public official surety bonds arrange a variety of contacts with officials. They may volunteer to assist with political campaigns or call on public officials in their offices. The producers are required to speak to sureties well before elections. Sureties have the option to choose not to write public official bonds in a specific read more »




23
Jun
2010

Ohio Oil Well Bond

A new law was presented in Ohio State relating to oil wells. The new law is titled SB 165 and provides procedures for acquiring a momentary inactive status for an oil or gas well. Upon the third renewal of this status, a surety bond of no more than $10,000 for every inactive well is necessary. read more »




23
Jun
2010

New Hampshire Groundwater Withdrawal Bond

SB 56 is a new study measure in the State of New Hampshire concerning the Commission to Study Issues Relative to Groundwater Withdrawals. SB 56 directs the Commission to Study Issues Relative to Groundwater Withdrawals to examine the amount of financial accountability that would be essential for hefty withdrawals of groundwater. The Commission must consider read more »




22
Jun
2010

Minnesota Post-Secondary Institution Bond

SB 184 is a new law that was presented in Minnesota State relating to post-secondary institutions. The new law authorizes alternative types of security for the present surety bond required of post-secondary institutions that have dropped below the U.S. Department of Education’s minimum financial standards to partake in Title IV programs. The present legislation requires read more »




22
Jun
2010

Tennessee Real Estate Appraisal Management Bond

A new bill was enacted affecting real estate appraisal management companies in the State of Tennessee. The new bill, which is titled HB 3191, requires real estate appraisal management companies to register and acquire a $50,000 surety bond. The new legislation states that the particulars regarding the surety bond would be established by regulation. HB read more »




21
Jun
2010

Ohio Long Term Care Facility Bond

A new bill was enacted in the State of Ohio on May 27th, 2010 concerning long term care facility operators. The new bill, which is referred to as HB 398 provides measures for long term care facility operators that conclude or close their operations, as well as procedures for managing any debt to the U.S. read more »