S3551 — Requires a surety bond for contractors and subcontractors where no public fund has been established for the financing of a public improvement

S3551 — Requires a surety bond for contractors and subcontractors where no public fund has been established for the financing of a public improvement · Informed CitizenryThis bill amends the lien law to require a surety bond or an irrevocable letter of credit for contractors and subcontractors working on public improvements. Specifically, if a public improvement ha…Open in Informed Citizenry