Section 14-34-6-2 - Bond amount(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: (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.