- Business Regulation - Home Builders - Performance Bond Requirement
- Sponsored by
- Senator Ellis
- In the Senate - Hearing 1/30 at 2:00 p.m.
Requiring a person that constructs new homes for sale to the public to purchase a performance bond for the construction of each new home; requiring the liability under a performance bond to be for a period of 5 years after completion; prohibiting a home builder from beginning construction of a new home under certain circumstances; and altering the circumstances under which a building and permits department of a county may not issue a certain permit to include failure to purchase a performance bond.
Bill File Type: Pre-Filed
Effective Date(s): October 1, 2020
Last Updated: 1/19/2020 9:41 AM