HB539 - Developer performance guarantees; periodic partial or final release of a bond, escrow, etc.
Virginia - 2024 Regular Session
Introduced byDavid Owen
Last updated 9 months ago
1 Co-Sponsor
Release of developer performance guarantees. Provides that no governing body or administrative agency shall refuse to make a periodic partial or final release of a bond, escrow, letter of credit, or other performance guarantee for the actions of anyone not under contractual agreement with a subdivider or developer or under the direct supervision and control of the subdivider or developer.
STATUS
Introduced
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