Regulation 7 Release of non-performance bond where duty to adopt applies

(1)

Except where paragraph (3) applies, the approving body must release a non-performance bond within 4 weeks beginning on the first working day after giving notice under paragraph 23(4)(b) or (5) of Schedule 3.

(2)

Paragraph (3) applies if the approving body—

(a)

issued a certificate under paragraph 12(2) of Schedule 3, and

(b)

carried out work to ensure the drainage system was completed in such a manner as to make it likely to operate in compliance with national standards.

(3)

The approving body must, within 4 weeks beginning on the first working day after completing the work—

(a)

send to the developer a full account of any sums received under the bond that have been applied to the expense of carrying out the work,

(b)

pay the developer any excess, and

(c)

release the non-performance bond.