Connecticut General Statutes 22a-107 – Bond as a condition to coastal site plan approval
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As a condition to a coastal site plan approval a board or commission may require a bond, escrow account or other surety or financial security arrangement to secure compliance with any modifications, conditions and other terms stated in its approval of a coastal site plan.
Terms Used In Connecticut General Statutes 22a-107
- Escrow: Money given to a third party to be held for payment until certain conditions are met.