Nevada Administrative Code
Chapter 519A - Reclamation of Land Subject to Mining Operations or Exploration Projects
DUTIES OF DIVISION OF MINERALS
Program for the Pooling of Reclamation Performance Bonds
Section 519A.615 - Partial release of deposit and unused premium
Universal Citation: NV Admin Code 519A.615
Current through December 31, 2024
The deposit of a participant and any unused premium paid by him or her may be partially released in the same manner described in NAC 519A.610 if the responsible regulatory authority notifies the Division that:
1. The required amount of the bond has been reduced; or
2. The participant has partially substituted another form of surety for a portion of the coverage provided by the bond pool.
The reduction in the amount of the deposit required is the same percentage as the percentage decrease in the coverage provided by the bond pool.
Added to NAC by Dep't of Minerals, eff. 10-9-90; A by Div. of Minerals, 11-14-97
NRS 519A.290
Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.