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2011 SESSION

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HB 2472 Performance guarantees; no locality shall require those furnished include cost unless shown on plat.

Introduced by: Charles D. Poindexter | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Performance guarantees.  Provides that no locality shall require that a performance guarantee apply to any facility or improvement unless such facility or improvement is shown on the approved plat or plan.  Also, the terms, conditions, and specifications contained in any agreement between a locality and an owner or developer of property entered into in conjunction with any performance guarantee shall be limited to those items provided for in the approved plan, plat, permit application, or similar document for which such performance guarantee is applicable.


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