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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />(9) (a) If the permit authority determines that a <br />financial guarantee should be forfeited be- <br />cause of any violation of the permit or any <br />applicable regulations adopted by this govern- <br />ing body, it shall provide written notice to <br />the surety and to the permittee that the fin- <br />ancial guarantee will be forfeited unless the <br />permittee makes written demand to the permit <br />authority within thirty (30) days after per- <br />mittee's receipt of notice, requesting a <br />hearing before the permit authority. If no <br />demand is made by the permittee within said <br />period, then the permit authority shall order <br />the financial guarantee forfeited. <br /> <br />(b) The permit authority shall hold a hearing <br />within thirty (30) days after the receipt of <br />the demand by the permittee. At the hearing, <br />the permittee may present for the considera- <br />tion of the permit authority statements, docu- <br />ments, and other information with respect to <br />the alleged violation. At the conclusion of <br />the hearing, the permit authority shall either <br />withdraw the notice of violation or enter an <br />order forfeiting the financial guarantee. <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />(c) The cash deposit described in subsection (5), <br />above, may be used by the permit authority of <br />this jurisdiction in the event of the default <br />or alleged default of the permit holder only <br />for the purposes of recovering on the surety <br />or fulfilling the permit obligations of the <br />permit holder. In the event that the ultimate <br />reviewing court determines that there has been <br />no default by the permit holder, that portion <br />of any moneys expended by this jurisdiction <br />from the escrow funds relating to such default <br />shall be replaced in the escrow account by the <br />governing body immediately following such de- <br />termination. This jurisdiction may arrange <br />with a lending institution, which provides money <br />for the permit holder, that said institution <br />may hold in escrow any funds required for said <br />cash deposit. Funds shall be disbursed out of <br />escrow by the institution to this jurisdiction <br />for the purposes specified in this section. <br /> <br />(10) If the forfeiture results in inadequate revenues to <br />cover the costs of accomplishing the purposes of the <br />financial guarantee, this jurisdiction's attorney <br />shall take such steps as he deems proper to recover <br /> <br />-19- <br />