An Act relative to surety bonds
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill addresses the use of surety bonds by certain utilities in Massachusetts. It seeks to clarify and potentially modify the requirements for these bonds, which are typically used to ensure utilities fulfill their obligations to customers and the state. The bill’s specific details are still being developed as it moves through the legislative process.
Key provisions
- Addresses surety bond requirements for utilities.
- Aims to clarify the scope of utilities covered by the bond requirements.
- May involve revisions to existing regulations regarding surety bonds.
- The bill was referred to the Telecommunications, Utilities, and Energy committee.
- The committee reported the bill favorably and referred it to the House Steering, Policy, and Scheduling committee.
- The bill was placed on the Orders of the Day for the next sitting.
- Rules were suspended and the bill was read a second and third time.
- The reporting date was extended multiple times.
Who is affected
- Utilities in Massachusetts
- Customers of utilities in Massachusetts
- The Massachusetts Department of Public Utilities
- The General Court of Massachusetts
Notable changes
- The bill proposes changes to the existing regulations governing surety bonds used by utilities.
Bill text
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Sponsors
Official sponsors from legislative records.
4 on record
Primary sponsor
Cosponsors
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