{"data":{"id":"us-nj/n.j.-stat.-40-55d-53.3","jurisdiction":"us-nj","citation":"N.J. Stat. § 40:55D-53.3","heading":"Maintenance, performance guarantees","body":"14.  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.\nL.1991,c.256,s.14.","path":["TITLE 40 MUNICIPALITIES AND COUNTIES"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"f4cdffe138d7fbcee02508a4112bfd0ff37272987de03f699ba5ec0e1fa82ffc","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-40-55d-53.2a","next":"us-nj/n.j.-stat.-40-55d-53.4"},"notice":"GroundRules: Original legal text. Not legal advice."}