Developer performance guarantees; periodic partial or final release of a bond, escrow, etc.
Summary
Release of developer performance guarantees.Provides that no governing body or administrative agency shall refuseto make a periodic partial or final release of a bond, escrow, letterof credit, or other performance guarantee for the actions of anyonenot under contractual agreement with a subdivider or developer orunder the direct supervision and control of the subdivider or developer.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Feb 13, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
1
Committee
3
Feb 1, 2024
Lower · Passed
Subcommittee recommends laying on the table (5-Y 3-N)
lower
Jan 23, 2024
Committee
Assigned CC & T sub: Subcommittee #2
lower
Jan 9, 2024
Committee
Referred to Committee on Counties, Cities and Towns
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
David Owen
RRepublican
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