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 »

Outcome

Bill Has Failed

History

DateAction
01/17/2020Presented and ordered printed 20106012D
01/17/2020Referred to Committee on Local Government
01/21/2020Impact statement from DHCD/CLG (SB1092)
02/03/2020Continued to 2021 in Local Government (12-Y 0-N) (see vote tally)
12/04/2020Left in Local Government

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