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Construction in East Village, San Diego. A "Little Miller Act" is a U.S. state statute, based upon the federal Miller Act, that requires prime contractors on state construction projects to post bonds guaranteeing the performance of their contractual duties and/or the payment of their subcontractors and material suppliers.
The Agriculture Retention and Development Act was created as part of New Jersey's efforts to counteract the loss of farmland in the state. The legislation formed the basis needed for the state to purchase the easements of New Jersey farms in order to ensure they remain as farms, and could never be sold for housing or for non-farming commercial development.
A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith money , intended to secure a futures contract , commonly known as margin .
The bond proposal covers 63 items, including new sets of bleachers at the high school football fields — a total of $10.8 million — and the stabilization of soil beneath the foundation of the ...
1 List of general obligation bond rankings. 2 Historic S&P Global ... Credit ratings for state debt from S&P Global as of May 2021: ... New Jersey: A A2 [2] A- April ...
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