Indiana Statutes
§ 14-34-7-9 — Change in financial condition
(a)If at any time during the period when a
self-bond is posted, the financial conditions of the applicant or the
corporate guarantor change so that the criteria of sections 4(d)(7), 4(f),
and 6 of this chapter are no longer satisfied, the permittee shall do the
following:
(1)Notify the director immediately.
(2)Within ninety (90) days of the change in financial condition
post an alternate form of bond in the same amount as the
self-bond.
(b)If the applicant does not post an alternate form of bond within
ninety (90) days of the change in financial condition, the applicant
must cease coal extraction and immediately begin reclamation.
[Pre-1995 Recodification Citation: 13-4.1-6.3-13.]
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Legislative History
As added by P.L.1-1995, SEC.27. Amended by P.L.176-1995,
SEC.19.
Nearby Sections
15
§ 14-10-1-1
Establishment and members of commission§ 14-10-1-2
Filling of vacancies of ex officio members§ 14-10-1-3
Citizen members§ 14-10-1-4
Per diem compensation and traveling expenses§ 14-10-1-5
Officers§ 14-10-1-6
Quorum§ 14-10-1-7
Meetings§ 14-10-2-1
Powers of commission§ 14-10-2-2
Repealed§ 14-10-2-2.5
Consolidated proceedings§ 14-10-2-3
Repealed§ 14-10-2-4
Adoption of rules§ 14-10-2-5
Rules§ 14-10-2-6
Notices of violation