Bill Text: CT HB06212 | 2011 | General Assembly | Introduced
Bill Title: An Act Reducing The Amount Of The Surety Bond Furnished By Applicants For A New Or Used Car Dealer's License.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2011-02-14 - Public Hearing 02/18 [HB06212 Detail]
Download: Connecticut-2011-HB06212-Introduced.html
General Assembly |
Proposed Bill No. 6212 |
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January Session, 2011 |
LCO No. 1802 | ||||
Referred to Committee on Transportation |
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Introduced by: |
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REP. REED, 102nd Dist. REP. BERGER, 73rd Dist. |
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AN ACT REDUCING THE AMOUNT OF THE SURETY BOND FURNISHED BY APPLICANTS FOR A NEW OR USED CAR DEALER'S LICENSE.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That subdivision (2) of subsection (b) of section 14-52 of the general statutes be amended to reduce the surety bond that applicants for a new car dealer's or a used car dealer's license are required to furnish from fifty thousand dollars to twenty thousand dollars.
Statement of Purpose:
To repeal the increase in the amount of the surety bond made by public act 10-110. The increase adds approximately five hundred dollars to the amount of the yearly payment and is a major hardship for the little guys who mostly repair cars and occasionally sell one.