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 47 - Performance Bond Forfeiture Criteria and Procedures
Section XV-4707 - Determination of Forfeiture Amount

1. determine the amount of the bond to be forfeited on the basis of the estimated cost to the office or its contractor to complete the reclamation plan and other regulatory requirements in accordance with the Act, these regulations and the requirements of the permit; or

2. forfeit the entire amount of the bond for which liability is outstanding and deposit the proceeds thereof in an interest-bearing escrow account for use in the payment of all costs and administrative expenses associated with the conduct of reclamation, restoration or abatement activities by the office. In the event the amount of performance bond forfeited was more than the amount necessary to complete reclamation, the unused funds shall be returned by the office to the party from whom they were collected.