The moratorium permit may be issued or the petition for such permit may be denied by either the commissioner or, where the hearing has been waived pursuant to subdivision (g) of section 660.6 of this Part, the central tidal wetland permit administrator. Such permit may be issued subject to such conditions or limitations, including bonding requirements, as may be necessary to assure the preservation and protection of the tidal wetland consistent with the alteration permitted or otherwise to assure compliance with the policy and provisions of the act.