HB4130 HFA Fleischauer #1 1-17

Delegates Fleischauer and Summers moves to amend the bill on page two, section one-a, lines twenty-one through twenty-four, by striking out subsection (d) in its entirety, and inserting in lieu thereof the following:

(d) For projects limited to the construction or replacement of one or more residential dwellings, the state agency responsible for overseeing the work may, in its discretion, choose not to require an entity to whom the contract is awarded to furnish payment or performance bonds, but only if it clearly indicates in the solicitation for bids that payment or performance bonds will not be required.