California Government Code CHAPTER 5 - Improvement Security
- Section 66499.
(a) Whenever this division or a local ordinance authorizes or requires the furnishing of security in connection with the performance of any act or agreement, if...
- Section 66499.1.
Except as provided in Section 66499.3, a bond or bonds by one or more duly authorized corporate sureties to secure the faithful performance of any...
- Section 66499.2.
A bond or bonds by one or more duly authorized corporate sureties for the security of laborers and material suppliers shall be in substantially the...
- Section 66499.3.
Security to guarantee the performance of any act or agreement shall be in the following amounts:(a) An amount determined by the legislative body, not less than...
- Section 66499.4.
As a part of the obligation guaranteed by the security and in addition to the face amount of the security, there shall be included costs...
- Section 66499.5.
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...
- Section 66499.6.
Such money, negotiable bond or instrument of credit shall be a trust fund to guarantee performance and shall not be subject to enforcement of a...
- Section 66499.7.
The security furnished by the subdivider shall be released in whole or in part in the following manner:(a) Security given for faithful performance of any act...
- Section 66499.8.
In all cases where the performance of the obligation for which the security is required is subject to the approval of another agency, the local...
- Section 66499.9.
Any liability upon the security given for the faithful performance of any act or agreement shall be limited to:(a) The performance of the work covered by...
- Section 66499.10.a.
Where the security is conditioned upon the payment to the contractor, his subcontractors and to persons furnishing labor, materials or equipment to them for the...
Last modified: October 22, 2018