Bonding Assistance Program (Louisiana)
From Open Energy Information
This is the approved revision of this page, as well as being the most recent.
Last modified on February 12, 2015.
EZFeed Policy
| Place | Louisiana
|
|---|---|
| Applies to States or Provinces | Louisiana |
| Name | Bonding Assistance Program (Louisiana) |
| Policy Category | Financial Incentive |
| Policy Type | Bond Program |
| Affected Technologies | Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy |
| Active Policy | No |
| Inactive Date | 2012 |
| Implementing Sector | State/Province
|
| Program Administrator | Louisiana Economic Development |
| Primary Website | http://www.louisianaeconomicdevelopment.com/incentives--programs/bonding-assistance-program.aspx
|
| Last Review | 2014-09-15
|
Summary
The Bonding Assistance Program provides assistance with new bond guarantees to small businesses. The bond underwriting is accomplished by a surety company, and the surety company has final bonding approval authority. Once the surety has given final bonding approval, the Bonding Assistance Program provides collateral up to 25% of the base contract amount, up to $200,000, on a project specific basis.
Policy Contact
| Contact Name | John W. Matthews Jr. |
|---|---|
| Department | Louisiana Economic Development |
| Division | Small Business Services
|
| Phone | 225-342-1181
|
| john.matthews@la.gov |
References