If this bill were to become law, it would amend current statutes regarding the bond requirements for authorized third-party driver license providers. Specifically, it would add employers and associations with at least 500 employees or members to the list of entities exempt from submitting the prescribed bond when applying for authorization. This change aims to facilitate the process for larger organizations seeking to operate as authorized third-party providers.

Additionally, the bill would make technical changes to the existing bond requirements, which currently stipulate a bond of at least $300,000 for initial applications and additional amounts for each location. The current exemptions for government entities would be updated to include new categories, specifically adding paragraphs 11 and 12 to the list of exemptions while removing the reference to "government" entities. Overall, these updates are intended to streamline the authorization process for larger employers and associations while clarifying the bond requirements.

Statutes affected:
Introduced Version: 28-7041
Senate Engrossed Version: 28-7041
House Engrossed Version: 28-5101.01