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 45 - Procedures, Criteria and Schedule for Release of Performance Bond
Section XV-4503 - Criteria and Schedule for Release of Performance Bond
Current through Register Vol. 50, No. 9, September 20, 2024
A. The office may release all or part of the bond for the entire permit area or all or part of an incremental area if the office is satisfied that all the reclamation or a phase of reclamation, as defined in §4503 E, covered by the bond or portion thereof has been accomplished.
B. The maximum liability under performance bonds applicable to a permit which may be released at any time prior to the release of all acreage from the permit or incremental area shall be calculated by multiplying the ratio between the acreage on which a reclamation phase has been completed and the total acreage in the permit or incremental area, times the total liability under performance bonds applicable to a permit, times:
C. Acreage may be released from the permit or incremental area only after reclamation Phase III has been completed. The maximum performance bond liability applicable to a permit which may be released at any time prior to the completion of reclamation Phase III on the entire permit or incremental area shall be calculated by multiplying the ratio between the acreage on which reclamation Phase III has been completed and the total acreage in the permit area, times the total liability under performance bonds applicable to a permit, times 0.15.
D. The office shall not release any liability under the performance bonds applicable to a permit if such release would reduce the total remaining liability under performance bonds to an amount less than that necessary for the office to complete the approved reclamation plan, achieve compliance with the requirements of the Act, these regulations or the permit, and abate any significant environmental harm to air, water or land resources or danger to the public health and safety which might occur prior to the release of all lands from the permit area. Where the permit includes an alternative post-mining land use plan approved pursuant to §5431, the office shall also retain sufficient liability for the office to complete any additional work which would be required to achieve compliance with the general standards for revegetation in §5423. A.5 in the event the permittee fails to implement the approved alternative post-mining land use plan within the two years required by §5423. B 4
E. For the purposes of this Chapter:
AUTHORITY NOTE: Promulgated in accordance with R.S. 30:901-932.