A.
For subdivisions and land developments, the applicant shall provide a financial guarantee to the municipality for the timely installation and proper construction of all stormwater management facilities as required by the approved SWM site plan. The amount of the guarantee shall be equal to or greater than the full construction cost of the required controls.
B.
For other regulated activities, the municipality may require a financial guarantee from the applicant.
C.
For all SWM site plans, the applicant shall provide a financial guarantee to the municipality for the timely installation and proper construction of all stormwater management controls as required by the approved SWM site plan and this chapter in accordance with the provisions of Sections 509, 510, and 511 of the Pennsylvania Municipalities Planning Code.[1]
[1]
Editor's Note: See now 53 P.S. §§ 10506, 10510 and 10511.