Louisiana Administrative Code
Title 43 - NATURAL RESOURCES
Part XV - Office of Conservation-Surface Mining
Subpart 4 - Bond and Insurance Requirements for Surface Coal Mining and Reclamation Operations
Chapter 39 - General Requirements for Bonding of Surface Coal Mining and Reclamation Operations under Regulatory Program
Section XV-3905 - Office of Conservation Responsibilities
Current through Register Vol. 50, No. 9, September 20, 2024
A. The office shall prescribe and furnish the form for filing a performance bond.
B. The office shall prescribe terms and conditions for performance bonds and insurance by regulations which meet, at a minimum, the requirements of Chapters 41 and 43.
C. The office shall determine the amount of the performance bond required for the permit area, including adjustments to the initial amount from time-to-time as land acreages in the permit area are revised, or when other relevant conditions change according to the minimum requirements of §4101. A 1
D. The office may not accept a self-bond in lieu of a surety or collateral bond, unless the permittee meets the requirements of §4305 and any additional requirements in the program.
E. The office shall release the permittee from his bond and insurance requirements consistent with Chapter 45.
F. The office shall cause all or part of a bond to be forfeited consistent with Chapter 47.
AUTHORITY NOTE: Promulgated in accordance with R.S. 30:901-932.
