Second Regular Session
              Sixty-eighth General Assembly
                    STATE OF COLORADO
                                                 INTRODUCED
                                                           
                                                           
 LLS NO. 12-0293.02 Duane Gall x4335     SENATE BILL 12-049
                   SENATE SPONSORSHIP
 Roberts, 
 
                    HOUSE SPONSORSHIP
 Coram, Baumgardner, Brown
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Senate Committees
 House Committees
 
 
 Transportation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                         A BILL FOR AN ACT
       Concerning financial responsibility requirements for motor
            carriers, and, in connection therewith, reducing the
            surety bond requirement for towing carriers and
            limiting its applicability to counties of relatively high
            population density.
       
       
                           Bill Summary
       
            (Note: This summary applies to this bill as introduced and does
       not reflect any amendments that may be subsequently adopted. If this bill
       passes third reading in the house of introduction, a bill summary that
       applies to the reengrossed version of this bill will be available at
       http://www.leg.state.co.us/billsummaries.)
       
            The bill amends the requirement for a $50,000 surety bond that
       was added to the statutes governing towing carriers in 2011 by:
                 Reducing the amount to $10,000; and
                 Exempting carriers in counties with less than 200 persons
                 per square mile from the bond requirement.
       
       
       
       Be it enacted by the General Assembly of the State of Colorado:
            SECTION 1.  In Colorado Revised Statutes, 40-10.1-401, amend
       (3) (a) as follows:
            40-10.1-401.  Permit requirements. (3) (a) (I)  Except as
       otherwise provided in subsection (2) of this section and section
       40-10.1-112 (4), the commission shall issue a permit to a towing carrier
       upon completion of the application, the filing of proof of workers'
       compensation insurance coverage in accordance with the "Workers'
       Compensation Act of Colorado", articles 40 to 47 of title 8, C.R.S., the
       filing of proof of a surety bond in the amount of at least fifty thousand
       dollars in accordance with subparagraph (II) of this paragraph (a)
       if required, and compliance with the financial responsibility
       requirements of this article. and The commission may attach to such the
       permit and to the exercise of the rights granted by the permit such
       restrictions, terms, and conditions, including altering the rates and charges
       of such the applicant, as are reasonably deemed necessary for the
       protection of the property of the public. The surety bond must be made
       payable to the commission and is for the purpose of paying any civil
       penalty assessments against the carrier that the carrier fails to pay when
       due.
            (II)  The surety bond must be in the amount of at least ten
       thousand dollars; except that no bond is required of towing
       carriers that operate only in counties with a population density
       of less than two hundred persons per square mile, according to
       the most recent available United States census information.
            SECTION 2.  Effective date - applicability. This act takes effect
       upon passage and applies to towing carriers that applied for permits on,
       before, or after said date.
            SECTION 3.  Safety clause. The general assembly hereby finds,
       determines, and declares that this act is necessary for the immediate
       preservation of the public peace, health, and safety.