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New Jersey Statutes Title 40. Municipalities and Counties 40 § 55D-53.3

Current as of January 01, 2024 | Updated by FindLaw Staff

A municipality shall not require that a maintenance guarantee required pursuant to section 41 of P.L.1975, c. 291 (C. 40:55D-53) 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.

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Cite this article: FindLaw.com - New Jersey Statutes Title 40. Municipalities and Counties 40 § 55D-53.3 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-40-municipalities-and-counties/nj-st-sect-40-55d-53-3/

Read this complete New Jersey Statutes Title 40. Municipalities and Counties 40 § 55D-53.3 on Westlaw. Westlaw subscription required.

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