When must the locality VSMP authority return or terminate any bonds or securities provided by the operator?

When must the locality VSMP authority return or terminate any bonds or securities provided by the operator?

• A. Within 30 days after permit issuance.
• B. Within 60 days after permit issuance.
• C. Within 90 days of completion.
• D. Within 60 days of completing the requirements of the permit conditions.

Answer: (D)

Financial assurances are released only after the operator has fully met all permit requirements. The local VSMP authority must return or terminate the bonds within 60 days after the requirements of the permit conditions have been completed and the project’s stormwater controls, stabilization, and related commitments are satisfied. This means final stabilization is achieved, all inspections and as-built or reporting requirements are completed and approved, and there are no remaining permit obligations. Releasing bonds earlier (at permit issuance) or delaying beyond 60 days after completion would not align with ensuring full compliance and protecting water quality.

Financial assurances are released only after the operator has fully met all permit requirements. The local VSMP authority must return or terminate the bonds within 60 days after the requirements of the permit conditions have been completed and the project’s stormwater controls, stabilization, and related commitments are satisfied. This means final stabilization is achieved, all inspections and as-built or reporting requirements are completed and approved, and there are no remaining permit obligations. Releasing bonds earlier (at permit issuance) or delaying beyond 60 days after completion would not align with ensuring full compliance and protecting water quality.