Bond in lieu of escrow for security deposit

[Vince Greenland]

I have a couple of companies that have a significant escrow account for security deposits that seems almost crazy to keep that amount in escrow.  I can't believe large companies with several hundred units carry that in a separate escrow account.

I am located in PA which allows companies to utilize bonds in lieu of escrow accounts. Curious if anyone else uses this technique as I am considering it as well. Thanks in advance for any comments.

Vince