SB 1162 Expands the type of securities that may be used for certain subdivisions
LR Number:4163S.01P Fiscal Note:4163-01
Committee:Financial and Governmental Organization, Veterans' Affairs & Elections
Last Action:04/21/04 - HCS Voted Do Pass H Judiciary Committee-Consent Journal page:
Effective Date:August 28, 2004
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Current Bill Summary

SB 1162 - This act allows flexibility in the type of security that may be accepted in lieu of full completion of required infrastructure improvements in subdivisions prior to the plat being recorded by allowing securities beyond surety bonds (e.g. cash bonds).