California Government Code 66499.5 – If the required subdivision improvements are financed and installed …
Current as of: 2024 | Check for updates
|
Other versions
If the required subdivision improvements are financed and installed pursuant to special assessment proceedings, the local agency at its option may provide by local ordinance that, upon the furnishing by the contractor of the faithful performance and labor and material bonds required by the special assessment act being used, the improvement security of the subdivider may be reduced by an amount corresponding to the amount of such bonds so furnished by the contractor.
(Added by Stats. 1974, Ch. 1536.)
Terms Used In California Government Code 66499.5
- Subdivision: means a subdivision of the section in which the term occurs unless some other section is expressly mentioned. See California Government Code 10