Banking Groups Release BEAD Surety Bond Information Kit

The National Association of Surety Bond Producers and Surety & Fidelity Association of America released a broadband, equity, access and deployment program surety bond information kit Friday (see 2311090067). The first-of-its-kind document includes bond forms associated with NTIA's BEAD program for entities submitting surety bonds instead of letters of credit. "Broadband access is so crucial for communities to gain connections, information, and opportunities," said NASBP CEO Mark McCallum. The use of surety bonds "will ensure that these vital systems will be constructed and realized."