Virginia Administrative Code
Title 4 - CONSERVATION AND NATURAL RESOURCES
Agency 25 - DEPARTMENT OF ENERGY
Chapter 165 - REGULATIONS GOVERNING THE USE OF ARBITRATION TO RESOLVE COALBED METHANE GAS OWNERSHIP DISPUTES
Section 4VAC25-165-20 - Costs of arbitration
Universal Citation: 4 VA Admin Code 25-165-20
Current through Register Vol. 41, No. 3, September 23, 2024
Arbitrations shall be funded from accrued interest. The department shall determine on a case-by-case basis if sufficient funds exist to conduct an arbitration. Sufficiency of funds shall be determined by the amount of accrued interest available at the time arbitration is requested, less estimated costs of pending arbitrations. If sufficient funds are not available, the department shall maintain a waiting list of parties willing to arbitrate.
Statutory Authority: §§ 45.1-361.15 and 45.1-361.22:1 of the Code of Virginia.
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