As of January 1, 2009, the Public Utilities Commission of California may require a performance bond as a precondition of getting certain certificates and permits for telecommunications companies. AB 2578 allows this, also stating that the bond has to be sufficient to allow the collection of restitution, penalties, and fines for enforcement actions taken against the company.
California Telecommunications Public Utility Bond
August 12, 2009 by Lisa Grimsley
Category: Performance Bonds, Surety NewsTags: bond requirements, legislation, performance bond, Performance Bonds, surety bond |
