Montana Statutes
§ 82-4-314 — Authorization For Sale Of Hard-Rock Mining Reclamation Bonds
82-4-314 . Authorization for sale of hard-rock mining reclamation bonds. The board of examiners is authorized to issue and sell hard-rock mining reclamation general obligation bonds in an amount not exceeding $8 million upon the request of the department, as provided for in 82-4-313 . Proceeds of the bonds or notes are allocated to the hard-rock mining reclamation special revenue account provided for in 82-4-315 to fund:
(1)legally required reclamation, operation, and maintenance at hard-rock mines that would otherwise not occur when the director of the department determines that there is no likelihood of getting additional funds from the mine operator and the available surety bond is insufficient; and
(2)the costs of issuing the bonds or notes.
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Montana § 82-4-314 (Authorization For Sale Of Hard-Rock Mining Reclamation Bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 3, Ch. 460, L. 2001.
Nearby Sections
15
§ 82-4-1001
Penalty Factors§ 82-4-1003
Through 82-4-1005 Reserved§ 82-4-1006
Abandoned Mine Reclamation Account§ 82-4-101
Short Title§ 82-4-102
Intent -- Findings -- Policy And Purpose§ 82-4-103
Definitions§ 82-4-104
Application§ 82-4-105
Through 82-4-110 Reserved§ 82-4-111
Repealed§ 82-4-112
Administration§ 82-4-113
Receipts Paid Into General Fund§ 82-4-114
Through 82-4-120 Reserved§ 82-4-121
Permit Required§ 82-4-122
Application And Approval Of Permit