Bonding Assistance Program (Louisiana)

From Open Energy Information


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


Email john.matthews@la.gov


















References