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 43 - Form, Conditions and Terms of Performance Bonds and Liability Insurance
Section XV-4307 - Replacement of Bonds
Current through Register Vol. 50, No. 9, September 20, 2024
A. The office may allow permittees to replace existing surety or collateral bonds with other surety or collateral bonds, if the liability which has accrued against the permittee on the permit area is transferred to such replacement bonds.
B. The office may allow the permittee to replace existing surety or collateral bonds with a self-bond, provided that the permittee meets the requirements of self-bonding as provided in §4305
C. The office shall not release existing performance bonds until the permittee has submitted and the office has approved acceptable replacement performance bonds. A replacement of performance bonds pursuant to this Section shall not constitute a release of bond under Chapter 45.
AUTHORITY NOTE: Promulgated in accordance with R.S. 30:901-932.
