Bond revision for Arizona Private Prisons

Category: Uncategorized
Published: Jul 14, 2011
HB 2299: Miscellaneous Bond

This will revise the amount of the proof of financial responsibility that private prisons are required to obtain. This proof of financial responsibility may be in the form of an insurance policy or a surety bond. Under current law the bond or policy must be for $10 million. This bill will change the amount that needs to be posted to no less than $10 million.

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