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.620 - Forfeiture of bond: Action by Administrator; liability and exoneration of bond pool
Current through December 31, 2024
1. Upon notification from the responsible regulatory authority that a participant has failed to complete the required reclamation and that the responsible regulatory authority, in accordance with all applicable laws and regulations, requires forfeiture of the bond, the Administrator will:
2. The maximum liability of the bond pool is the coverage provided to the participant relating to the mining operation or exploration project of the participant at the time of the forfeiture.
3. If the responsible regulatory authority exonerates the participant from any portion of bonded liability, the bond pool is exonerated of an equal amount of bonded liability.
Added to NAC by Dep't of Minerals, eff. 10-9-90
NRS 519A.290