SBA Surety Bond Guarantee Program.

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division.

Language:

English

Subjects (All):

Construction industry.

Contracts.

Business.

Public contracts.

Physical Description:

1 online resource (1 online resource (31 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2011.

System Details:

text file

Summary:

Discusses legislative origin of the SBA surety bond guarantee (SBG) program, under which SBA provides partial reimbursement to surety companies for losses resulting from contract default by small construction firms covered by surety bonds that have been guaranteed under the SBG program. Summarizes major issues that have influenced program development, examines current program eligibility standards and requirements, and provides several performance statistics, including number and amount of bond guarantees issued annually. Reviews proposals to increase $2 million program bond limit and to merge the prior approval program and the preferred surety bond guarantee program while retaining the flexible operating requirements of the preferred program.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Apr. 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Government Division. SBA Surety Bond Guarantee Program

Access Restriction:

Restricted for use by site license.