Title:
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An Act amending the provisions for surety bond reductions posted for certain road construction and the payment of extension fees for road construction and storm drain permits until April 15, 2012
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Title
An Act amending the provisions for surety bond reductions posted for certain road construction and the payment of extension fees for road construction and storm drain permits until April 15, 2012
Background
This legislation will provide for a reduction in the surety bonds posted for urban road classifications and rural road classifications, upon the request of the permittee, on a prorated basis, depending on the value of the completed and approved work. It will also amend provisions related to fees for the extension of valid road construction or storm drain permits. The provisions of this legislation shall be abrogated and of no further force and effect after April 15, 2012.
The provisions of this legislation are identical to those of CB-25-2009, which by its terms is abrogated and of no further force and effect after April 15, 2011.