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SSB 1151

A bill for an act relating to bonds for construction contractors.

2025-2026 Regular Session

Overview: SSB 1151, A bill for an act relating to bonds for construction contractors, was introduced on February 18, 2025 and is currently in the committee report approving stage,

Subcommittee reassigned: Webster, Sires, and Wahls.
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Bill Summary · SSB 1151

Overview: SSB 1151, A bill for an act relating to bonds for construction contractors, was introduced on February 18, 2025 and is currently in the committee report approving stage, having been renumbered as SF 576.

Purpose and Intent: The main goal of this bill is to update the requirements for construction contractors to obtain and maintain surety bonds, which provide financial protection for consumers and subcontractors in the event of a contractor's failure to complete a project or pay their bills.

Key Provisions:
- Increases the minimum surety bond amount for general contractors from $25,000 to $50,000.
- Requires subcontractors to obtain a surety bond of at least $10,000.
- Allows the state licensing department to increase bond amounts based on a contractor's history and financial stability.
- Establishes a process for consumers and subcontractors to file claims against a contractor's surety bond.
- Requires contractors to maintain their surety bond for at least one year after the completion of a project.

Affected Parties and Impacts: This bill would primarily affect construction contractors, both general contractors and subcontractors, who would be required to obtain and maintain higher surety bond amounts. Consumers and subcontractors would also be impacted, as they would have an additional layer of financial protection in the event of a contractor's failure.

Procedural and Timeline Considerations: The bill is currently in the committee report approving stage and has been renumbered as SF 576. The next step would be for the bill to be considered by the full legislature.

Compiled from official sources — confirm details with the bill’s official record.

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