2022 CAI-NJ September LAC Issue

PERFORMANCE BONDS... from page 12.

be responsible for the infrastructure. Unfortunately, private communities became caught up in what was intended to be a benefit to a limited audience. CAI has been taking steps to garner support for a change to the MLUL to put back the protections previously contained in the law prior to January 2018. These steps include adding stakeholders to this endeavor, includ ing the members of the New Jersey Conference of Mayors. CAI is a mem ber of this organization and has been cultivating relationships over the last few years with this group of influential lawmakers. Mayors throughout New Jersey recognize a private commu nity that is not well maintained or unable to address faulty construction could be a financial drain upon a municipality’s coffers, especially if an association can no longer function as a viable entity. Thus, CAI believes the Conference of Mayors can be a valu able resource and partner with CAI in re-establishing appropriate bonding requirements in New Jersey. It is our hope that corrective legislation will soon be introduced to achieve this needed change in the law. n to the MLUL to put back the protections previously contained in the law...” “CAI has been taking steps to garner support for a change

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