HB 247: License Bond – Radon Mitigation Professionals
Under this bill radon mitigation professionals and radon measurement professionals will be regulated. These professionals will have to be certified and be able to post a $10,000 License and Permit Surety Bond. This bond will be conditioned on compliance with the proposed law and any rules adopted to implement it. In order for this bond to be in compliance it will have to be issued by a corporate surety that is authorized to transact surety business within the Commonwealth. The surety’s liability with the principal will be limited to the penal sum of the bond, and the bill provides for cancellation by the surety with advance written notice. The SFAA was contacted during the drafting of this bill and assisted in writing it.
HB 221: Grain Warehouse and Grain Dealer Bonds
This bill will revise the bond requirements for grain warehousemen and grain dealers. Under current law a surety bond is required in the amount that is no less than twenty-five cents per bushel of the total maximum bushel capacity of the warehouse or $10,000, whichever may be greater. Under the new bill the alternative minimum amount will be increased from $10,000 to $25,000. The bond amount will be capped at no more than $1 million. The new law will also cap the bond amount that the dealer paid to producers for grain purchased from them during the dealer’s last completed fiscal year. This bill will cap the amount at no more than $1 million.
SB 113/HB 130: Public Officials
The Kentucky Mountain Trail Authority will be created under this bill. A $50,000 surety bond will be put in place by each Authority’s peace officers. This will secure the faithful performance of his or her duties. A bond with blanket coverage in the amount of $50,000 per office would be accepted. This bill has passed in the House and is pending approval in the Senate.
HB 26: Public Officials
House Bill 26 will provide for the creation of regional wastewater districts in Kentucky. Commissioners, secretary, treasurer and general manager are required under the bill to be bonded. This will secure the faithful performance of their duties. The bond amount will be determined the amount of funds that the officials handle.