Delaware General Assembly

Passed 6/26/24

The General Assembly has ended, the current status is the final status.

HB 297 w/ HA 1

6/26/24

Shupe

This Amendment does all of the following: (1) Clarifies that the road or street is intended to be dedicated to this State for public use. (2) Increases the bond, certified check, letter of credit, or other form of security acceptable to the Department that is required to be posted to 150% and limits that bond, certified check, letter of credit, or other form of security acceptable to the Department to the costs associated with applying top coat to a road or street. (3) Requires the bond, certified check, letter of credit, or other form of security acceptable to the Department to be reassessed and reposted by the developer if top coat is not underway 7 years from the date the security is posted with the Department, and then requires the same reassessment and reposting every 5 years until the developer complies with the written agreement entered into under this Act. (4) Requires the Department, on dedication of the right-of-way to the public use and satisfactory completion of the road or street construction, to release to the developer the bond, certified check, letter of credit, or other security acceptable to the Department posted by the developer under this Act. (5) Makes a technical correction to line 25.

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