New Jersey Administrative Code
Title 7 - ENVIRONMENTAL PROTECTION
Chapter 50 - PINELANDS COMPREHENSIVE MANAGEMENT PLAN
Subchapter 6 - MANAGEMENT PROGRAMS AND MINIMUM STANDARDS
Part IV - FORESTRY
Section 7:50-6.48 - Guidelines and requirements for financial sureties
Universal Citation: NJ Admin Code 7:50-6.48
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Municipalities may require the posting of financial sureties for harvesting activities, provided that:
1. The surety shall be for the sole purpose of ensuring proper performance during the harvesting operation and shall not be intended to serve as a long-term maintenance guarantee;
2. The surety shall not exceed $ 500.00 or 10 percent of the stumpage value of the wood to be harvested during the duration of any approval which is granted, whichever is greater; and
3. The surety shall not be required to be posted for a period exceeding two years. Nothing in this section shall be construed to prohibit a municipality from requiring the posting of sureties for succeeding two year periods, provided the requirements of this section are met.
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