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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 Chamber of Commerce took the proposal to the Texas State Parks Board. The board required that the community provide the land for the park. Twenty thousand dollars in bonds would have to be sold by Walker County to pay for the land needed. In early 1936, the bond issue passed with more than four to one in favor of selling the bonds. [3]
Construction of the Pentagon, 1942.. The Miller Act (ch. 642, Sec. 1-3, 49 stat. 793,794, codified as amended in Title 40 of the United States Code) [1] requires prime contractors on some government construction contracts to post bonds guaranteeing both the performance of their contractual duties and the payment of their subcontractors and material suppliers.
The $590 million bond package comprises a $560 million Parks and Recreation Bond and a $30 million Housing Bond. The parks bond would pay for seven projects, including a sports and recreation ...
The will help pay for Cass Holt Road Park, among other projects, across the street from Holly Springs High School. Holly Springs voters to decide on $100M parks bond in November. Here’s a look.
Dec. 1—AUSTIN — Texas State Parks is kicking off the holiday season with close to 100 special seasonal activities happening across the state. Visitors of all ages can enjoy themed guided walks ...
Social impact bonds (also called Pay for Success bonds) are "a public-private partnership which funds effective social services through a performance-based contract." [9] They operate over a fixed period of time, but they do not offer a fixed rate of return. Repayment to investors is contingent upon specified social outcomes being achieved. [10]
A payment bond is a surety bond posted by a contractor to guarantee that its subcontractors and material suppliers on the project will be paid. [1] They are required in contracts over $35,000 with the Federal Government and must be 100% of the contract value. [2] They are often required in conjunction with performance bonds.