Subdivisions: security.

Assembly Member Quirk-Silva's proposal modifies California's subdivision approval process by preventing duplicate security requirements for residential developments. The measure amends the Business and Professions Code to prohibit the Real Estate Commissioner from requiring additional security deposits for improvements when developers have already provided sufficient security to local agencies under the Subdivision Map Act.

The bill maintains existing requirements for subdivision approval, including the Real Estate Commissioner's authority to examine subdivisions and issue public reports authorizing sales or leases. Current grounds for denial remain unchanged, such as inadequate financial arrangements for offsite improvements, inability to deliver contracted interests, or failure to demonstrate parcel usability. However, when local agencies have received adequate security deposits for specific improvements through established land use provisions, the Commissioner cannot mandate additional security for those same elements in residential projects.

This change addresses the intersection of state and local subdivision regulations, establishing clear parameters for when security requirements have been satisfied. The measure preserves local agency authority over subdivision design and improvement while streamlining the approval process for developers who have met local security obligations.