CT SB00860

Modifies bond requirements for approved site plans to specify that bonds cannot exceed the cost to perform required modifications plus an additional 10% of the bond amount.

Establishes acceptable forms of surety for site plans and subdivisions, including surety bonds, cash bonds, savings accounts, and letters of credit, subject to commission approval.

Requires commissions to release bonds or surety within 65 days of a request if modifications are complete, or provide written explanation of remaining work needed.

Prohibits municipalities from requiring bonds or surety for maintenance of roads, streets, or other improvements after such improvements have been accepted by the municipality.

Removes language allowing commissions to condition approval extensions on determining the adequacy of existing bonds for site plan modifications.