SECTION 460:10-25-4. Replacement of bonds

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(a) The Department may allow permittees to replace existing surety or collateral bonds with other surety or collateral bonds, if the liability which has occurred against the permittee on the permit area is transferred to such replacement bonds.
(b) The Department shall not release existing performance bonds until the permittee has submitted and the Department has approved acceptable replacement performance bonds. A replacement of performance bonds pursuant to this Section shall not constitute a release of bond under Subchapter 27 of this Chapter.

                    
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