What does a bonding or security return signify in the context of stormwater management?

In the context of stormwater management, a bonding or security return signifies the fulfillment of permit conditions. This is crucial because bond securities are often required to ensure that the site is adequately managed to minimize stormwater impacts and adhere to the stipulations in the permit issued for construction or land development.

When a developer or contractor posts a bond, it serves as a financial guarantee that the required stormwater management practices will be implemented and maintained according to the regulations and conditions set forth in the permit. Once all of these conditions are met satisfactorily, the bond can be released or returned. This process not only signifies that the work associated with stormwater management is completed but also that it has been done correctly and in compliance with local and state regulations.

Completion of construction is a related concept but does not specifically capture the essence of what a bonding or security return represents. Similarly, the approval of facility design and inspection by local authorities pertain to other stages of the development process, rather than the fulfillment of existing permit conditions that would trigger the return of a bond.