The bill proposes nonsubstantive changes to the current provisions governing the types of security that can be required from developers. Notably, it allows for a variety of security methods, including bonds, cash deposits, letters of credit, and liens on the subdivided property. This flexibility aims to streamline the security requirements while ensuring that local agencies retain the authority to approve the form of security they find acceptable, thereby encouraging development while safeguarding local interests.
Summary
Assembly Bill 2380, introduced by Assembly Member McKinnor, seeks to amend Section 66499 of the Government Code, which pertains to land use under the Subdivision Map Act. The primary focus of this bill is on the requirements for developers to provide security as a condition for the performance of acts or agreements related to land subdivisions. Existing laws mandate specific types of security be recorded with the county recorder to ensure compliance by the developer.
Contention
While the bill might appear largely procedural, discussions around similar measures indicate potential contention between local governments and state authorities concerning land use regulations. Critics might argue that any alterations to security requirements could affect local control over land development and its associated impacts. Proponents generally stress the need to facilitate smoother development processes that can help meet housing demands without undermining the existing regulatory framework.