‘ E. Any payment or performance bond issued on or in relation to a construction project subject to a stop-work order may not cover any exposure arising out of or during the shutdown of that project.’
| HP1102 LD 1565 |
Second Regular Session - 124th Maine Legislature H "A" to C "A", Filing Number H-762, Sponsored by TUTTLE
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LR 2254 Item 3 |
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| Bill Tracking | Chamber Status | ||
Amend the amendment in section 1 in subsection 5 by inserting after paragraph D the following:
summary
This amendment protects an issuer of surety bonds from liability when a payment or a performance bond is required of a hiring agent or construction subcontractor and that hiring agent or construction subcontractor is subject to a stop-work order from the Executive Director of the Workers' Compensation Board.