§264-11 - Performance bond.
§264-11 Performance bond. The director
of transportation may require that before the issuance of a permit the
applicant give a cash bond, surety company bond, or personal surety bond in
favor of the State, and for an amount equal to the estimated cost of
backfilling, restoring, or repairing the base court pavement surface,
structures, improvements, and landscaped area, and any other additional costs
that may be incurred as a result of the work done under the permit during the
one-year period following the satisfactory completion of the work. The bond
shall be conditioned upon the compliance of the permit holder with the
requirements of sections 264-8 and 264-9. [L 1967, c 163, pt of §2; HRS
§264-11]