M/WBE BONDING REQUIREMENTS Senate SponsorsSen. Martin A. Sandoval-Mattie Hunter-Kwame Raoul 5/27/2011SenateResolution Adopted as Amended Urges the Department of Commerce and Economic Opportunity to consider whether a surety program should be administered to provide a financial guarantee to bonding companies for projects conducted by minority-owned and women-owned small businesses. Urges the Department of Insurance to find ways to help identify and encourage bond companies to participate in a program for minority-owned and women-owned small business construction firms. Urges the Department of Transportation and the Capital Development Board to review their bonding requirements for minority-owned and women-owned small business participants in light of the number of defaults by those companies over the last 5 years to determine whether their requirements are more stringent than necessary. Urges the Department of Commerce and Economic Opportunity, the Department of Insurance, the Department of Transportation, and the Capital Development Board to report to the General Assembly with recommendations to reform bonding requirements for minority-owned and women-owned small business firms in public construction projects.Senate Committee Amendment No. 1 Urges the Department of Transportation and the Capital Development Board to review their bonding requirements for M/WBE participants in light of the actual number of defaults in general and the actual number of defaults by M/WBE companies in particular (rather than just the actual number of defaults by M/WBE companies) over the last 5 years. Makes a change to the preamble. 4/27/2011SenateFiled with Secretary 4/27/2011SenateReferred to Assignments 5/5/2011SenateAssigned to State Government and Veterans Affairs 5/6/2011SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Martin A. Sandoval 5/6/2011SenateSenate Committee Amendment No. 1 Referred to Assignments 5/10/2011SenateSenate Committee Amendment No. 1 Assignments Refers to State Government and Veterans Affairs 5/16/2011SenateSenate Committee Amendment No. 1 Adopted 5/16/2011SenateBe Adopted as Amended State Government and Veterans Affairs; 009-000-000 5/16/2011SenatePlaced on Calendar Order of Secretary's Desk Resolutions May 17, 2011 5/27/2011SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter 5/27/2011SenateAdded as Chief Co-Sponsor Sen. Kwame Raoul 5/27/2011SenateResolution Adopted as Amended