The proposed bill, if enacted, 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 required bond when applying for authorization. This change aims to streamline the application process for larger organizations seeking to operate as third-party providers.

Additionally, the bill would make technical changes to the existing language in the statute. It would maintain the current bond requirements, which stipulate a minimum bond of $300,000 for initial applications and additional amounts for extra locations, while also clarifying that certain government entities are exempt from these requirements. The amendments would ensure that the bond exemption now includes larger employers and associations, thereby expanding the scope of eligible entities.

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