Repeal Bond Assistance Program Fund Transfer
| Type | Bill |
|---|---|
| Session | 2026 Regular Session |
| Subjects |
Concerning the repeal of the bond assistance program administered by the department of personnel, and, in connection therewith, transferring the balance of the bond assistance program cash fund to the general fund.
Bill Summary:
Joint Budget Committee. Under existing law, the department of personnel administers the 'state procurement equity program', which includes a bond assistance program to help historically underutilized businesses that are small businesses offset the costs of obtaining a surety bond that is required for a solicitation for a state procurement opportunity. The bond assistance program is funded through the bond assistance program cash fund.
The bill transfers the balance of the bond assistance program cash fund to the general fund on June 30, 2026, and repeals the bond assistance program, effective December 1, 2027.
(Note: This summary applies to this bill as introduced.)
Prime Sponsors
Representative
Emily Sirota
Representative
Rick Taggart
Senator
Judy Amabile
Senator
Jeff Bridges
Committees
House
Appropriations
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Upcoming Schedule
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