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An Act to Amend the Code of Laws of South Carolina, 1976, by Adding Section 40-11-262 So as to Provide Applicants for General Contractor Licensure or Mechanical Contract Licensure Who Are Subject to Certain Financial Statement Requirements May Provide Certain Surety Bonds in Lieu of Providing These Financial Statements, to Provide Requirements Concerning These Surety Bonds, and to Provide Procedures for Filing Claims Against These Surety Bonds. - Ratified Title

It became law on May 31, 2018.

SC H 4612 · H · 2017-2018

Stage
Became law
Sponsors
Latest action
May 31, 2018

Where it stands

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    May 31, 2018

This bill passed and is now law.

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

It is law in South Carolina. What happens now is up to the agency that carries it out, the courts, and the place itself.

Work with this bill

AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 40-11-262 SO AS TO PROVIDE APPLICANTS FOR GENERAL CONTRACTOR LICENSURE OR MECHANICAL CONTRACT LICENSURE WHO ARE SUBJECT TO CERTAIN FINANCIAL STATEMENT REQUIREMENTS MAY PROVIDE CERTAIN SURETY BONDS IN LIEU OF PROVIDING THESE FINANCIAL STATEMENTS, TO PROVIDE REQUIREMENTS CONCERNING THESE SURETY BONDS, AND TO PROVIDE PROCEDURES FOR FILING CLAIMS AGAINST THESE SURETY BONDS. - ratified title | 52