The Fiscal Surety Office accepts, monitors, and releases fiscal surety payments for improvements to environmental, health, safety controls, and public infrastructure. The amount of fiscal surety posted shall equal the estimated cost for the City to do the work for which the fiscal was required.
The City requires a Subdivision Construction Agreement (SCA). Please email the Fiscal Surety office for the PDF fillable format along with instructions for completing the SCA. When positing fiscal for a subdivision, the following documents are required:
The approved fiscal estimate from the appropriate Drainage Reviewer
The completed SCA with property owner's name (from the deed), address and notarized signature.
A title search (lien search) dated within 30 days of SCA. If there are liens on the property, a lienholders consent form must be completed.
Check made payable to The City of Austin or a wire transfer. If posting by wire transfer, please notify the Fiscal Surety Office at firstname.lastname@example.org, otherwise it will not be processed. Please include as much reference information (date, dollar amount, bank name, etc.).
If a property is sold, it is the seller’s responsibility to negotiate the fiscal replacement with the buyer. The buyer can replace the seller’s fiscal in any of the above acceptable forms of payment. Once the acceptable replacement is received the original fiscal will be released.
How is fiscal released?
The City inspector has the authority to release fiscal. The Fiscal Office cannot release fiscal without approval from the appropriate inspector or City staff.