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New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES
Chapter 14b: Citation
Section: 40:14b-75: Maintenance, performance guarantee; cash requirement
13. A municipal authority shall not require that a maintenance guarantee required pursuant to section 11 of P.L.1999, c.11 (C.40:14B-73) 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.13.
This section added to the Rutgers Database: 2012-09-26 13:37:51.
Older versions of 40:14b-75 (if available):
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