The Planning Board may require that, prior to commencement of work
under any permit issued pursuant to this chapter, the applicant or
permittee shall post a bond in an amount and with surety and conditions
sufficient to secure compliance with the conditions and limitations
set forth in the permit. The particular amount and the conditions
of the bond shall be consistent with the purposes of this chapter.
The bond shall remain in effect until the Planning Board or its designated
agent certifies that the work has been completed in compliance with
the terms of the permit and the bond is released by the Planning Board
or a substitute bond is provided. In the event of a breach of any
condition of any such bond, the Planning Board may institute an action
in the courts upon such bond and prosecute the same to judgment and
execution.
