350.064 Reclamation bond to be filed by applicant.
161 words·~1 min read·
/ky/chapter-350/350-064A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)After a surface coal mining and reclamation permit application has been approved
but before the permit is issued, the applicant shall file with the regulatory authority,
on a form prescribed and furnished by the regulatory authority, a reclamation bond
for performance payable, as appropriate, to the state, and conditional upon faithful
performance of all the requirements of this chapter and the permit. The reclamation
bond shall cover that area of land within the permit area upon which the applicant
will initiate and conduct surface coal mining and reclamation operations within the
initial term of the permit. As succeeding increments of surface coal mining and
reclamation operations are to be initiated and conducted within the permit area, the
permittee shall file with the cabinet an additional bond or bonds to cover the
increments in accordance with this section.
(2)The cabinet may approve an alternative system that will achieve the objectives and
purposes of the bonding program pursuant to this section.