SURETY BONDS-DRAINAGE

Amends the State Finance Act. Requires the amount of the surety bond of any contractor making contracts for public work of any kind for the State or any political subdivision costing over $5,000 to be conditioned for adherence to certain standards set forth in the Illinois Drainage Code. Provides that the bond is deemed to contain a provision that the principals and sureties on the bond agree that all work performed as part of the contract adheres to certain standards set forth in the Illinois Drainage Code. Amends the Counties Code. Requires the county board to have a qualified engineer estimate the probable expenditures necessary to conform to certain standards set forth in the Illinois Drainage Code in order to determine the amount sufficient for the bond required of any person who seeks the county board's approval of a map, plat, or subdivision. Amends the Illinois Municipal Code. Provides that the corporate authorities of a municipality shall require (now, may provide) that any person, firm, or corporation seeking approval of a subdivision or resubdivision map or plat post a cash bond with the municipal clerk sufficient to cover the estimate made by the municipal engineer of expenditures, including the expenditure necessary to conform to certain standards set forth in the Illinois Drainage Code. Preempts home rule.