Surety Bond Blog » colorado

Colorado Debt Management Bond Update

Eric Weisbrot — Mon, 26 Dec 2011 20:13:39 +0000

New surety bond legislation was recently enacted in Colorado State. The new law is named HB 1206 and requires surety companies to provide written notification to the Attorney General upon cancelation of the bond required of debt management service providers; the bond required is currently $50,000.

Colorado Alcohol Bond Terminated

Eric Weisbrot — Mon, 05 Sep 2011 15:18:51 +0000

Anyone who wants to sell alcohol at special events no longer needs a surety bond in the state of Colorado. The new bill is named SB 66 and abolishes the bond requirement for special event permits to sell alcohol. The previous law allowed the state licensing authority to require the permit holder to obtain a bond to guarantee their compliance with the law. SB 66 became effective August 10, 2011.

Colorado Retail Gaming Bond

Eric Weisbrot — Sat, 30 Jul 2011 13:01:43 +0000

Retail Gaming licensees are affected by new regulations that were recently put in to place; more specifically The Colorado Department of Revenue has implemented new rules regarding gaming taxes. The new policies require retail gaming licensees to acquire a surety bond in a quantity that the Gaming Commission is yet to establish. The surety bond guarantees that the gaming taxes will be paid. The bond must be from a state licensed surety company and it must have a paid-in capitalization of at least $500,000. As an alternative to the surety bond, cash deposits in the form of an assigned savings account or deposits in a state or national bank will be accepted in place of the bond.