Baltimore County will accept Performance Bonds beginning March 6th.
On January 21, 2020 the Baltimore County Council enacted Bill No. 69-19, which authorizes the County to accept bonds as a performance security in addition to letters of credit and cashier’s checks. The Department of Permits, Approvals and Inspections (PAI) will accept bonds beginning on March 6, 2020. The submittal form is currently being prepared.
PAI also reports the bonds may replace expiring letters of credit and may also be swapped for active letters of credit.
For more information please contact David S Thaler at 410-944-3647.
#dstnewsflash #news #landdevelopment #baltimorecounty #bonds