Sec. 0.5. As used in this chapter, "collateral" means the actual or constructive deposit, as appropriate, with the director of one (1) or more of the following types of property in support of a self-bond:
(1) A perfected, first-lien security interest in favor of the department of natural resources in real property located in Indiana that meets the requirements of this chapter.
(2) Securities backed by the full faith and credit of the United States government, or state government securities, that are:
(A) acceptable to;
(B) endorsed to the order of; and
(C) placed in the possession of;
the director.
(3) Personal property that is located in Indiana and owned by the applicant, the market value of which is more than one million dollars ($1,000,000) per property unit.
As added by P.L.176-1995, SEC.8.
Structure Indiana Code
Title 14. Natural and Cultural Resources
Article 34. Surface Coal Mining and Reclamation
14-34-7-0.5. "Collateral" Defined
14-34-7-0.6. "Comparative Balance Sheet" Defined
14-34-7-0.7. "Comparative Income Statement" Defined
14-34-7-1. "Liabilities" Defined
14-34-7-2. "Net Worth" Defined
14-34-7-2.5. "Surface Mining Control and Reclamation Act" Defined
14-34-7-3. "Tangible Net Worth" Defined
14-34-7-4. "Current Assets" Defined
14-34-7-4.1. Method of Replacement of Self-Bonds
14-34-7-5. "Corporate Guarantee" Defined
14-34-7-6. Self-Bond or Corporate Guarantee; Percentage of Net Worth
14-34-7-7. Indemnity Agreement
14-34-7-7.1. Collateral and Indemnity Agreement to Support Self-Bond Application
14-34-7-8. Updated Information for Self-Bond or Corporate Guarantee
14-34-7-9. Change in Financial Condition
14-34-7-10. Report of Public Accounting Consultant
14-34-7-11. Incremental Self-Bonds; Coverage of Deferred Grading Areas
14-34-7-12. Alternate Forms of Self-Bonds; Monitoring of Reclamation