Sec. 2. (a) The director shall determine the amount of the bond required for each bonded area. The amount of the bond must be sufficient to assure the completion of the reclamation plan if the work had to be performed by the director if forfeiture occurs. However, the bond amount may not be less than ten thousand dollars ($10,000).
(b) In making a determination of bond amount, the director shall consider the following:
(1) The reclamation requirements of the approved permit.
(2) The probable difficulty of reclamation due to factors such as the following:
(A) Topography.
(B) Geology of the site.
(C) Hydrology.
(D) Revegetation potential.
(3) The history of mining and reclamation activities of the applicant.
[Pre-1995 Recodification Citation: 13-4.1-6-2.]
As added by P.L.1-1995, SEC.27.
Structure Indiana Code
Title 14. Natural and Cultural Resources
Article 34. Surface Coal Mining and Reclamation
14-34-6-3. Liability Under Bond
14-34-6-5. Options Instead of Bond
14-34-6-6. Adjustment of Bond or Deposit Amount
14-34-6-7. Release of Bond or Deposit; Publication of Notice
14-34-6-8. Bond Release Application; Notification
14-34-6-9. Inspection and Evaluation
14-34-6-10. Written Objections; Request for Public Hearing
14-34-6-12. Informal Conference
14-34-6-13. Schedule for Release of Bond or Deposit
14-34-6-14. Notification of Decision
14-34-6-14.3. Release of Bond Covering Undisturbed Area
14-34-6-14.6. Release of Bond Covering Disturbed Area