Authorize Maint. Bonds/Subdivision Streets.

SB 685 requires developers building new subdivisions to provide financial guarantees (like surety bonds or letters of credit) to ensure publicly dedicated roads meet maintenance standards before county or municipal acceptance. The guarantee amount cannot exceed 20% of estimated road construction costs and must cover repairs if roads fail to meet minimum standards. If roads aren't accepted into public maintenance systems within four years of plat recording, they automatically become county/municipal responsibility. This directly affects developers (who must post guarantees), counties (who manage acceptance), and future residents (who rely on maintained public roads). The bill ensures funding for road upkeep without requiring immediate full public ownership.