SB 327
Revises provisions relating to contractors. (BDR 54-1025)
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Sign in to take action- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Bill overview
This bill revises the requirements for contractors and applicants for contractor licenses in Nevada. Specifically, it changes the bonding requirements, shifting the responsibility to provide surety bonds from requiring bonds backed by debt rated ‘A’ or better by a rating agency to requiring bonds backed by a certificate holding company listed in the U.S. Department of the Treasury’s Circular No. 570. The bill also introduces stricter bonding requirements for contractors working on residential pools and spas, including performance and payment bonds. Finally, it outlines procedures for relieving contractors of bonding requirements after a certain period of consistent performance.
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Primary sponsor
Michelee "Shelly" Cruz-Crawford
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