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Legislative updates and editorial columns from the surety experts at JW Surety Bonds; the largest surety bond company in the U.S.

Iowa Sanitary Disposal Project Operators Bond Update




IowaIn Iowa, a new law was enacted concerning sanitary disposal project operators. The new law named SB 2276 increases the variety of financial assurance instruments that an operator of a sanitary disposal project can supply. The previous law required a surety bond, cash, or an irrevocable letter of credit. SB 2276 authorizes the operator to get hold of insurance, a corporate or a local government guarantee, or to suit a corporate financial test or a local government financial test. The project operator is also able to use a local government dedicated fund.


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