{"data":{"id":"us-nj/n.j.-stat.-52-27d-130.8","jurisdiction":"us-nj","citation":"N.J. Stat. § 52:27D-130.8","heading":"Adoption of ordinance requiring replacement for performance guarantee.","body":"6.\tThe governing body of a municipality may adopt an ordinance requiring a successor developer to furnish a performance guarantee as a replacement for a performance guarantee that was previously accepted in accordance with standards adopted by ordinance and regulations adopted pursuant to section 1 of P.L.1999, c.68 (C.40:55D-53a) and section 41 of P.L.1975, c.291 (C.40:55D-53) for the purpose of assuring the installation and maintenance of on-tract improvements, and releasing the predecessor obligor and surety, if any, from liability pursuant to its performance guarantee.\nL.2013, c.123, s.6.","path":["TITLE 52 STATE GOVERNMENT, DEPARTMENTS AND OFFICERS"],"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":"265d374354c4c394e4262fba095b6b68b8c875073c48ca3efd3906d8f9df5759","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-52-27d-130.7","next":"us-nj/n.j.-stat.-52-27d-131"},"notice":"GroundRules: Original legal text. Not legal advice."}