as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to commerce; providing for the procurement of 1.3 surety bonds; proposing coding for new law in 1.4 Minnesota Statutes, chapter 60A. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. [60A.071] [SURETY BONDS; POLITICAL 1.7 SUBDIVISIONS.] 1.8 A county, town, home rule charter or statutory city, school 1.9 district, or other municipal corporation or political 1.10 subdivision of this state shall not require a contractor to 1.11 procure a surety bond from a particular insurance or surety 1.12 company, agent, or broker on a public improvement which is or 1.13 has been competitively bid or negotiated.