Purcellville, Virginia · General provision

Bond Reduction

Extracted standards

3 individual requirements pulled out of this section’s prose, each with the sentence it came from.

Other

  • Maximum bond releases per year3 releases

    No more than three periodic partial releases will be granted within any 12-month period

  • Minimum completion before partial release30 pct

    Periodic partial releases may not occur before the completion of at least 30 percent of the facilities covered by the bond

  • Minimum cumulative bond reduction90 pct

    The cumulative amount of all bond reductions shall equal no less than 90 percent of the original bond value

From the ordinance

No more than three periodic partial releases will be granted within any 12-month period. The cumulative amount of all bond reductions shall equal no less than 90 percent of the original bond value. Periodic partial releases may not occur before the completion of at least 30 percent of the facilities covered by the bond.
Bond Reduction