Performance guarantees, certain; provisions for periodic partial and final release. (SB1092)
Introduced By
Sen. Scott Surovell (D-Mount Vernon)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Land subdivision and development; release of performance guarantees. Prohibits the final complete release of any remaining bond, escrow, letter of credit, or other performance guarantee required of a subdivider or developer by a governing body for the construction of certain public facilities until each common area, if any, is transferred from the subdivider or developer to a property owners' association. Read the Bill »
Status
12/04/2020: Failed to Pass in Committee
History
| Date | Action |
|---|---|
| 01/17/2020 | Presented and ordered printed 20106012D |
| 01/17/2020 | Referred to Committee on Local Government |
| 01/21/2020 | Impact statement from DHCD/CLG (SB1092) |
| 02/03/2020 | Continued to 2021 in Local Government (12-Y 0-N) (see vote tally) |
| 12/04/2020 | Left in Local Government |