HB 508 removes long-standing protections that help ensure public construction projects are completed, and that workers and small businesses are paid. For decades, Utah has required surety bonds on public construction projects to protect Utah taxpayers if a contractor fails.
HB 508 removes these protections for certain state projects and may shift financial risk from insurers to Utah taxpayers, workers, and families. Research shows unbonded projects are 2.5–10 times more likely to default, can cost up to 85% more when they fail, and often take twice as long to complete.
Tell Governor Cox to veto HB 508 and protect Utah taxpayers, workers, and local businesses. Send your message today.