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A sewerage authority shall not require that a maintenance guarantee required pursuant to section 3 of P.L.1999, c. 11 (C.40:14A-40) be in cash or that more than 10% of a performance guarantee pursuant to that section be in cash. A developer may, however, provide at his option some or all of a maintenance guarantee in cash, or more than 10% of a performance guarantee in cash.
Cite this article: FindLaw.com - New Jersey Statutes Title 40. Municipalities and Counties 40 § 14A-42 - last updated February 19, 2021 | https://codes.findlaw.com/nj/title-40-municipalities-and-counties/nj-st-sect-40-14a-42/
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