N.H. Admin. Code § Jus 1304.14

Current through Register No. 50, December 12, 2024

Section Jus 1304.14 - Street and Road Bonds

(a) The surety required with respect to completion of streets or roads shall be in the form of:

(1) A bond;

(2) An irrevocable letter of credit;

(3) A mortgage to the governmental entity requiring the surety; or

(4) Any other form acceptable to the town or city and to the bureau.

(b)Jus 1304.14 shall not be construed as requiring a town or city to accept any of the forms of surety described in paragraph Jus 1304.14(a), nor shall it be construed as requiring the bureau to accept the form or amount of any surety accepted by the town or city.

N.H. Admin. Code § Jus 1304.14

(See Revision Note at chapter heading for Jus 1300) #9782-A, eff 9-11-10

Amended by Volume XXXIX Number 46, Filed November 14, 2019, Proposed by # 12656, Effective 10/24/2019, Expires 10/24/2029.