In Colorado, a new law was enacted relating to regional tourism authorities. The new law, labeled SB 173, authorizes local governments to produce regional tourism authorities and to deposit their funds in depositories or allows individuals to be custodians of the funds. The individuals spoken of must acquire a surety bond that meets the local tourism authority’s regulations.
Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog.