FINAL BILL REPORT

 

 

                                   SSB 5844

 

 

                                   C 31 L 88

 

 

BYSenate Committee on Transportation (originally sponsored by Senators Conner and Peterson)

 

 

Requiring bonds from motor freight brokers.

 

 

Senate Committee on Transportation

 

 

House Committe on Transportation

 

 

                              SYNOPSIS AS ENACTED

 

BACKGROUND:

 

The Utilities and Transportation Commission (UTC) regulates brokers or forwarders as common carriers.  The UTC has five common carrier permits for intrastate brokers.  Common carriers must pay a one-time fee of $150 and post a $1,000 bond.

 

SUMMARY:

 

The definition of broker is repealed and a new definition is created.  A broker is a person engaged in the business of arranging for transportation of property by two or more interstate or intrastate common carriers.

 

A broker shall file a bond with the Utilities and Transportation Commission (UTC) in an amount to be determined by the UTC, but not less than $5,000.

 

 

VOTES ON FINAL PASSAGE:

 

      Senate    47     0

      House 93   0

 

EFFECTIVE:June 9, 1988