New Jersey Revised Statutes § 40:14a-42 - Maintenance, Performance Guarantee; Cash Requirement

40:14A-42. Maintenance, performance guarantee; cash requirement
5.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.

L.1999,c.11,s.5.


Section: Previous  40-14a-35  40-14a-36  40-14a-37  40-14a-38  40-14a-39  40-14a-40  40-14a-41  40-14a-42  40-14a-43  40-14a-44  40-14a-45  40-14b-1  40-14b-2  40-14b-3  40-14b-4  Next

Last modified: October 11, 2016