Security/performance bond.

§ 255-13100. Security/performance bond.

A performance bond, letter of credit or other form of surety shall be posted in an amount to be determined by the Commission to ensure proper development of the project in accordance with this article. After evidence of the nonconformance or nonperformance of the applicant, the Commission will recommend that the bond be defaulted and measures taken to accomplish necessary work in fulfillment of the intent of the regulations. Upon satisfactory completion of the project, the Commission shall issue a written certification that the above requirements have been met. The performance bond letter of credit or other surety shall be released to the landowner upon receipt of the written certification from the Commission.