On February 5th, 2009, a new bill was introduced concerning Alabama proprietary schools. The new law, named HB 428, requires proprietary schools to obtain a $20,000 surety bond conditioned on payment of all ruling surfacing from damages sustained to the school’s students who paid tuition and/or fees but did not receive the services for which they paid for. HB 428 was enacted on May 20th, 2009.
Alabama Proprietary School Bond
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Category: Commercial Bonds, Surety News
Tags: AL, alabama, bond requirements, legislation, private school bond, Proprietary School Bond, surety bond



Surety Bond Blog: Alabama Proprietary School Bond http://www.jwsuretybonds.com/blog/alabama-proprietary-school-bond
Comment by JW_Surety_Bonds (JW Surety Bonds) — January 14, 2010 @ 3:26 pm