The California Department of Transportation, otherwise known as CalTrans, has its fiscal years end on July 31st, whereas the rest of California has their fiscal year end on June 30th. With the fiscal year coming to a close, CalTrans will be looking to spend any extra money in their budget. One way they will look to use […]
State Bonds
A Brief History of Surety and Surety Bonds
The History of Surety and Surety Bonds Surety and its principals are not new concepts. Even though many people are not familiar with surety bonds, suretyship has a deep and rich history. This blog post will talk about the history of surety by highlighting the first appearances of suretyship, the first surety companies that emerged, legislation in the United […]