California § 66499.5. 66499.5. (Added by Stats. 1974, Ch. 1536.)

California Statutes

§ 66499.5. — 66499.5. (Added by Stats. 1974, Ch. 1536.)

California § 66499.5.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.2.

Title 7.DIVISION 2. SUBDIVISIONS

Ch. 5.CHAPTER 5. Improvement Security

This text of California § 66499.5. (66499.5. (Added by Stats. 1974, Ch. 1536.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 66499.5. (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.