In the state of Georgia, a new bill was put in to place concerning the Department of Transportation bond requirements. The new bill is referred to as SB 200 and amplifies the surety bond required under present law for the deputy commissioner of transportation as well as for the treasurer of the Department of Transportation (DOT) from $100,000 to $500,000. In addition, SB 200 formed the director of planning within the DOT, who also must obtain a surety bond in the amount of $500,000. SB 200 became active upon enactment.
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. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.