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Utah Public Official Bond Update

Eric Weisbrot — Wed, 01 Feb 2012 12:30:10 +0000

Several public officials in the state of Utah no longer need to worry about surety bonds. The new bill, labeled HB 40, terminates multiple public official bond requirements and allows certain officials to be covered under the State’s Risk Management Fund. Make sure to check with the state to find out which public officials are included in this bill.

Utah Reclamation Bond

Eric Weisbrot — Mon, 12 Dec 2011 16:15:29 +0000

Miners in Utah State are affected by new legislation that was recently enacted. The new law is named SB 15 and allows the Division of Oil, Gas and Mining to estimate the average cost of reclamation per acre which will determine the amount of the surety bond required for land reclamation/mining.

Utah Highway Construction Revision

Eric Weisbrot — Fri, 13 May 2011 14:11:47 +0000

Utah State legislators have been working on a bill that impacts highway construction projects within the state. The new bill is named HB 296 and authorizes local highway authorities who are sponsors on any federal highway construction projects to be a supplementary contractor alongside the Utah Department of Transportation (DOT); but this change is only effective for Class B and Class C roads. HB 296 also states that the local highway authorities can be an additional bondholder or obligee with the Department of Transportation on performance bonds.