Bonds on contracts with the District of Columbia. by United States. Congress. House. Committee on the District of Columbia

Cover of: Bonds on contracts with the District of Columbia. | United States. Congress. House. Committee on the District of Columbia

Published by [s.n.] in Washington .

Written in English

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  • District of Columbia,
  • Contracts,
  • Government securities

Edition Notes

Book details

Other titlesBonds on contracts with D.C
The Physical Object
FormatElectronic resource
Pagination2 p.
ID Numbers
Open LibraryOL16070663M

Download Bonds on contracts with the District of Columbia.

(a) Before any contract, exceeding $25, in amount, for the construction, alteration, or repair of any public building or public work of the District of Columbia is awarded to any person, such person shall furnish to the District of Columbia the following bonds, which shall become binding upon the award of the contract to such person, who is.

Bonds on Contracts mr i!or public work, etc., Commissioners of the District of Columbia enter into contracts for in. nRequirements. work or material they shall require good and sufficient bonds to the United States in a penal sum sufficient, in their judgment, to secure the strict and faithful performance of said contracts to the satisfaction.

This useful book covers performance bond statutes and case law for 53 jurisdictions. The Performance Bond Manual examines the statutes and case law concerning performance bonds for 53 jurisdictions.

This book contains a section for each of the 50 United States, plus the territory of Puerto Rico, the District of Columbia, and federal Miller Act performance bonds. All states, including The District of Columbia, require business owners to acquire the appropriate surety bond or bonds in order to conduct business legally.

The average cost of each bond varies on a case by case basis and is subject to the business owner’s financial statements, credit history and the industry in which said business operates. The State of District of Columbia has many different purposes for surety bonds in a variety of capacities.

From license bonds, permit bonds, probate court bonds to bid and performance bonds. Jane Bond Surety & Insurance is your bond specialist. Call us at NEW ISSUE - BOOK ENTRY ONLY Bond Ratings.

Fitch: A Moody’s: A1 See “RATINGS” herein. In the opinion of Squire Sanders (US) LLP, Bond Counsel, under existing law (i) assuming continuing compliance with certain covenants and the accuracy of certain representations, interest on the Series Bonds (A) is excluded from gross income for federal income tax purposes, except interest on.

Sample Probate Bond Pricing in the District of Columbia: In addition to the applicants credit report, there are many other factors that are taken into consideration when pricing Administrator bonds in the District of Columbia.

We provide the examples below to give you an idea of what qualified applicants should expect to pay. This website provides information about bonds, notes, and other securities issued or secured by the District of Columbia (the “District”). Because each security may involve different sources of payment and security, different obligations (if any) of the issuer and/or any obligated person, and different limitations on such obligations, you should refer to the official statement of any.

The reimbursing of amounts temporarily advanced from the General Fund of the District of Columbia, any enterprise fund, or other fund or account of the District; 1 “General Obligation Bonds and Bond Anticipation Notes for Fiscal Years Authorization Act of ,” effective March 6, (D.C.

Law ; 53 DCR ). The Bonds are offered when, as and if issued by the District, subject to receipt of the approving legal opinion of Bryant Miller Olive P.C., Washington, D.C., Bond Counsel to the District.

The Office of the Attorney General for the District of Columbia will deliver an opinion as to certain legal matters pertaining to the District. lieu of withheld funds on construction contracts pursuant to Public Contract Code Section All types of security must meet the requirements stated in this Bond Book and any additional requirements of the Obligee made necessary by changes in the law or change in the policies adopted by Obligee’s Board of Supervisors.

The bonds are not an indebtedness of the District of Columbia, and no general fund money will be used to repay the bonds.

The four series in this bond issue. DISTRICT OF COLUMBIA filed on May 5th, NEW ISSUE - BOOK-ENTRY-ONLY RATINGS: See “R ATINGS ” herein. In the opinion of Orrick, Herrington & Sutcliffe LLP, Bond Counsel, based upon an analysis of existing laws, regulations, rulings and court decisions, and assuming, among other matters, the accuracy of certain representations and compliance with certain covenants, interest on the.

↪ Code of the District of Columbia ↪ Title 2. Government Administration. ↪ Chapter 3A. Government Procurement. ↪ Subchapter VII. Bonds and Other Forms of Security.

↪ § 2– Contract performance and payment bonds in construction contracts. Previous § 2– Bid security in construction contracts. Next § 2–a.

District of Columbia Department of General Services Standard Contract Provisions GENERAL PROVISIONS (Construction Contract) ARTICLE 1. DEFINITIONS A. “Government” as used herein means the District of Columbia Department of General Services, (DGS) that is a party to a contract.

Each bidder must furnish with his bid either a Bid Bond (Form No. DC ), with - good and sufficient sureties, a certified check payable to the order of the Treasurer of the District of Columbia (uncertified check will not be accepted), negotiable United States bonds (at par value), or an irrevocable letter of credit in an amount not less.

Examples of District of Columbia surety bonds include: Contractors license bonds assure that a contractor (such as a plumber, electrician, or general contractor) comply with laws relating to their field.

Customs bonds, including importer entry bonds, assure compliance with all relevant laws, as well as payment of import duties and taxes. Website not loading. Please check the frequently asked ntly asked questions. District of Columbia (DC) surety bonds- mortgage lender bonds, motor vehicle dealer bonds, license and permit bonds, home improvement license bonds, contract bonds, court bonds and more.

We offer low rates to save you money. Call () to get started. has the bond. District of Columbia Series A General Obligation Bonds Rated 'AA+' With A Stable Outlook Credit Rating WASHINGTON D.C. (S&P Global Ratings) Feb. 6, S&P Global Ratings assigned its 'AA+' long-term rating to the District of Columbia's (DC) series A general obligation (GO) debt and affirmed its 'AA+' rating on the District's GO debt.

The issued bond financed $ million to Wasco County portion of the college district to support a new building for wind and solar energy industry job training, and another $ million in the Hood River portion of the district was used to finance the Indian Creek campus expansion. A Home Improvement Contractor Bond is a type of surety bond required for all applicants for a Basic Business License for the Home Improvement Contractor category in the District of Columbia.

The surety bond must be furnished in a coverage amount of twenty five thousand ($25,) and the term must be for the duration of the two-year license period. District of Columbia government to perform construction, renovation work, or information technology work with a single contract, or cumulative contracts, of at least $, let within a month period will be required to register an apprenticeship.

District of Columbia Code Division I — GOVERNMENT OF DISTRICT Title 2 — GOVERNMENT ADMINISTRATION Chapter 3A — GOVERNMENT PROCUREMENT Subchapter VII — BONDS AND OTHER FORMS OF SECURITY Section — Contract performance and payment bonds in construction contracts.

District of Columbia: New Issue - Moody's assigns Aa1 to $M DC GO bonds Series D; outlook stable Moody's Investors Service 28 Nov July 3, - Chief Financial Officer Jeffrey DeWitt announced today that Standard & Poor’s and Fitch bond rating services have upgraded the District of Columbia's General Obligation (GO) bond rating from AA to AA+.

The rating increase affects $ billion of outstanding GO bonds. The Department of Insurance, Securities and Banking of the District of Columbia requires that investment advisers and broker-dealers furnish a surety bond to guarantee professional conduct and compliance with the rules and regulations set out by the District.

The surety bond is commonly required in an amount, or coverage of $10, and is. Construction contract drafting and negotiation, including custom modification of AIA, AGC, and Consensus form contracts and general conditions to comply with Virginia, Maryland, Pennsylvania and District of Columbia Law.

Workmanship, Building Code violation, Breach of Contract, and other performance disputes. Change order and extra work disputes. District of Columbia International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers Wage & Welfare Bond Quote DC International Union of Bricklayers, Allied Craftworkers, Wage & Welfare Bond.

DISTRICT OF COLUMBIA: Contract Loser Sues Novema.m. EST Facebook; Twitter; LinkedIn; Email; Print; Show more sharing options.

Both Maryland and the District of Columbia have their own statutes fashioned closely after the federal Miller Act referred to, respectively, as “Maryland’s Little Miller Act” (Maryland State Finance and Procurement Article §§ – ) and “District of Columbia’s Little Miller Act” (DC Code §§ § DC’s industrial revenue bond program (IRB) provides access to tax-exempt financing to help businesses and non-profit organizations renovate and build new construction, make tenant improvements, and purchase capital by securing interest rates up to 4% lower than a traditional commercial loan.

Fitch Ratings - New York - 25 Jun Fitch Ratings has assigned a 'AA+' rating to the following District of Columbia income tax-secured revenue bonds (ITBs): -Approximately $, series C (tax-exempt); and.

Bond Contract Furnishings Inc. is a District Of Columbia Corporation filed on Ma The company's filing status is listed as Revoked and its File Number is The Registered Agent on file for this company is Jonathon Russin and is located at 16th St., N.W., Washington, District Of Columbia Location: District of Columbia (DC).

Guardianship proceedings are governed by Chapter I of Title 21 of the edition of the District of Columbia Code. Superior Court Probate Division Rules, and also apply to guardianships.

The District of Columbia Code may be found here. The. The Main Street America Group was founded in in Keene, N.H., when the Grange Fraternity created an entity to provide affordable auto liability insurance to Grange Fraternity members.

Today, Main Street America provides personal lines and commercial lines insurance to “Main Street” individuals, families, and small businesses, as well as fidelity bonds and surety bonds. In addition to the requirements for bonds and other security under the provisions of Title V of the D.C.

Procurement Practices Act of (the "Act"), D.C. LawD.C. Code § (), the Director or any contracting officer may require any of the following types of security for any solicitation or contract subject to the provisions of the Act and this title, other that a.

The Council of the District of Columbia has enacted legislation repealing the taxation of income from state and municipal bonds for individuals, estates and trusts. Under prior law, the tax was to apply to income from out-of-state bonds acquired on or after January 1, Prior OTR Tax Notice is superseded by this notice.

As a result of the new legislation, interest earned by. The District of Columbia Housing Finance Agency closed the fiscal year with its second bond offering under a new program to create more affordable housing for the nation’s capital.

the right to terminate this Letter Contract, in whole or specified part, for convenience in the manner described in the District of Columbia Department of General Services Standard Contract Provisions General Provisions for Construction Contracts.

Billing. the district of columbia bonds.; reply of the commissioners to treasurer gilfillan regarding the sinking fund of the bonds.There are three types of DC Surety Bonds that can be required of you: License bonds needed for many professions such as auto dealers and contractors to operate legally.; Contract bonds for public construction projects such as Bid Bond and Performance and Payment Bonds; Court bonds required by the courts for various purposes such as Fiduciary and Appeal bonds with exception to Bail Bonds.representative authorized to enter into a contract on behalf of the District of Columbia.

Contract Price – The price stated in the Schedule of Prices. Contractor – The individual, firm, partnership, corpor ation or joint venture under contract with the District for execution of prescribed work, acting directly or through a duly authorized.

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