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Bill

A 4905

Requires a surety bond for contractors and subcontractors where no public fund has been established for the financing of a public improvement

2025 Regular Session Introduced by William Colton and 4 co-sponsors

Requires a surety bond for contractors and subcontractors on public improvement projects without a public funding source, protecting the public if work is not completed or paid.

REFERRED TO JUDICIARY
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WeVote Research Nonpartisan
Bill Summary · A 4905

Summary of Assembly Bill A 4905

Overview

Bill A 4905 proposes that contractors and subcontractors engaged in public improvement projects must obtain a surety bond in cases where no public fund has been established to finance the project. The bill is currently in the Judiciary committee after being introduced on February 10, 2025.

Purpose and intent

  • To provide additional financial assurance and protection for public projects by requiring a surety bond on certain public improvements.
  • Specifically targets projects that are not financed through a designated public fund, ensuring there is a bond to cover performance, payment, or related obligations.

What the bill would do

  • Require a surety bond for contractors and subcontractors on public improvement projects that lack a publicly established financing fund.
  • The provided information does not specify the bond amount, term, triggering conditions, or exemptions; these details would be defined in the bill’s full text.
  • The bill designates the public improvement context and ties the bond requirement to the absence of a public financing fund.

Who is affected

  • Primary impact: contractors and subcontractors undertaking public improvement projects without a public financing fund.
  • Secondary impact: public entities or authorities awarding such projects may experience added compliance requirements and bonding processes.
  • Other stakeholders could include surety companies, project owners, and bidding partners who participate in such projects.

Procedural and timeline aspects

  • Introduced: February 10, 2025.
  • Status: REFERRED TO JUDICIARY, indicating the bill is in committee review and has not advanced to floor consideration yet.
  • Legislative actions listed show the same referral date twice, consistent with standard committee referral records.

Sponsorship

  • Primary sponsor: Pamela J. Hunter.
  • Cosponsors: Jonathan Jacobson, Jo Anne Simon, Dana Levenberg, William Colton.

Related legislation

  • Assembly: A 5471 (prior-session), A 5767 (prior-session), A 4182 (prior-session).
  • Senate: S 4840 (companion) .
  • These related bills suggest ongoing or prior efforts on similar bonding requirements and may inform or influence A 4905’s provisions.

Potential impact and considerations

  • Public protection: Bonds can provide recourse for the public if a contractor fails to complete work or pay subcontractors.
  • Economic impact: Could increase upfront costs or administrative requirements for contractors and subcontractors, potentially affecting bid competitiveness on projects not financed through a public fund.
  • Implementation details: Key parameters (bond type, amount, duration, exemptions, enforcement mechanisms, and who administers the bond) are not specified in the provided information and would be determined in the full bill text.

Next steps

  • Review the full bill language for precise definitions, bond standards, calculation methods, exceptions, enforcement, and penalties.
  • Monitor committee hearings in Judiciary for public input, amendments, and progress toward floor action.
  • Consider related bills (A 5471, A 5767, A 4182, S 4840) for alignment or potential combined reform efforts.

If you’d like, I can extract and compare the exact language from the bill text once it’s available, or summarize companion bills for a broader view.

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

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