PLANNING &AMP ZONING-DOT/PERFORMANCE GUARANTEES.

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View NCGA Bill Details2021
House Bill 720 (Public) Filed Wednesday, April 28, 2021
AN ACT TO REQUIRE ACCEPTANCE OF A TRANSPORTATION IMPROVEMENT BY THE DEPARTMENT OF TRANSPORTATION BEFORE A PERFORMANCE GUARANTEE REQUIRED BY A LOCAL GOVERNMENT IS RELEASED.
Intro. by Majeed, K. Smith, Hawkins, Belk.
Status: Ref to the Com on Local Government - Land Use, Planning and Development, if favorable, Transportation, if favorable, State Government, if favorable, Rules, Calendar, and Operations of the House (House action) (Apr 29 2021)

Bill History:

H 720

Bill Summaries:

  • Bill H 720 (2021-2022)
    Summary date: Apr 28 2021 - View Summary

    Amends GS 160D-804.1 (performance guarantees to assure compliance with subdivision development regulations) to do the following:
    (1) Change the period for completion of improvements subject to bonded performance guarantees to be no more than one year initially;
    (2) Require letters of credit or escrow funds securing a performance guarantee be timely released upon completion of the improvements to the local government’s specifications or satisfaction and upon acceptance by both the local government and the Department of Transportation; and
    (3) Make clarifying changes.

    Development, Land Use and Housing, Land Use, Planning and Zoning, Government, State Agencies, Transportation
    GS 160D
View: All Summaries for Bill