§ 14-34-6-14.6 — Release of bond covering disturbed area

Indiana § 14-34-6-14.6

• Jurisdiction: Indiana
• Art. 34: SURFACE COAL MINING AND RECLAMATION
• Ch. 6: Bonding

Text

6. (a) This section applies when an
applicant or permittee submits a bond, deposit, or letter of credit
covering an area that:
(1) has been disturbed by surface coal mining activities; and
(2) is covered by another bond, deposit, or letter of credit
previously submitted by another permittee.
(b) Except as provided in subsection (c), in a situation described in
subsection (a):
(1) the bond, deposit, or letter of credit previously submitted shall
be released when the director accepts the bond, deposit, or letter
of credit submitted by the applicant or permittee; and
(2) the bond, deposit, or letter of credit submitted by the applicant
or permittee:
(A) is subject to the standards set forth in sections 7 through 14
of this chapter; and
(B) may not be released under section 14.3 of this chapter.
(c) If two (2) or more persons who are applicants or permittees each
file a bond, deposit, or letter of credit covering the same area, the
persons may enter into a written agreement that allocates responsibility
among the persons for the reclamation of the area. If the agreement is
approved by the director, the agreement governs the respective
responsibilities of the persons for the reclamation of the area.

Legislative History

As added by P.L.176-1995, SEC.7.