Notwithstanding any ordinance to the contrary, an approving authority shall accept the standardized form for a performance guarantee, maintenance guarantee or letter of credit adopted by regulation by the Department of Community Affairs pursuant to section 1 of P.L. 1999, c. 68(C.40:55D-53a) as complying with the provisions of section 41 of P.L. 1975, c.291 (C.40:55D-53).
N.J.S. § 40:55D-53b