House considers deferral of bonding lawStatute requires an oil company to purchase surety bond to protect suppliers but DCCED says developing regulations is challenging
The Alaska House is considering a bill that would defer until Jan. 1, 2019, the implementation of new statutes requiring oil and gas companies operating in Alaska to obtain a surety bond or deposit an equivalent amount of cash when obtaining a state business license. The statutes were introduced in....
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Protect small companies Surety bonds Which businesses? Cost and benefit
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