A.
Security requirements from developer. The Department shall require from the developer a surety or cash bond, irrevocable letter of credit, or other means of security acceptable to and approved by the Department prior to the issuance of any building and/or grading permit for a road construction or road improvement project.
B.
Release of the security.
(1)
The security shall not be fully released without:
(2)
The Department may adopt procedures for reduction or partial release of the security held by the Department following completion and acceptance of part or all of the project.
(3)
The procedures used for partially releasing securities must be specified by the Department in writing prior to road plan approval.
A.
Notice. Whenever the County determines that the security provided is insufficient or unsatisfactory, the County shall notify the permit holder.