Erosion and sediment control for certain localities; bond for sediment basin.

Erosion and sediment control for certain localities; bond for sediment basin. Limits the amount of the performance bond that an agency issuing a permit for a land-disturbing activity under the erosion and sediment control laws for certain localities can require when the final site plan includes a stormwater management facility that is built on top of a sediment basin or other sediment trap. The bill also sets a cap on the amount of the security that must be in the form of a letter of credit or cash required for performance for a sediment basin of 25 percent of the estimated cost.