Kentucky Administrative Regulations
Title 405 - ENERGY AND ENVIRONMENT CABINET - DEPARTMENT FOR NATURAL RESOURCES
Chapter 10 - Bond and Insurance Requirements
Section 405 KAR 10:090 - Production fees
Current through Register Vol. 50, No. 9, March 1, 2024
RELATES TO: KRS 350.020, 350.060, 350.062, 350.064, 350.093, 350.095, 350.100, 350.110, 350.151, 350.465, 350.515, 350.518
NECESSITY, FUNCTION, AND CONFORMITY: KRS Chapter 350 authorizes the cabinet to promulgate administrative regulations to ensure bonds are adequate to perform reclamation in the event of forfeiture. KRS 350.503 authorizes the Kentucky Reclamation Guaranty Fund, which will receive production fees established in KRS 350.518(2)(a) and (b). This administrative regulation establishes information on production fees established in KRS 350.518(2)(a) and (b), and the schedule payments to be remitted.
Section 1.
STATUTORY AUTHORITY: KRS 350.060, 350.062, 350.064, 350.093, 350.095, 350.100, 350.151, 350.465, KRS 350.518(2)(a) and (b)