SECTION 460:10-28-2. Procedures for seeking release of performance bonds on limited use permits  


Latest version.
  • (a)   The permittee or any person authorized to act on his or her behalf may file an application with the Department of for release of all or part of the performance bond liability.
    (b)   The permittee shall send written notification to the surface owner of the application for release of the performance bond within thirty (30) days of its application with the Department.
    (c)   The Department shall inspect and evaluate the reclamation work within thirty (30) days after receiving a bond release application, or as soon thereafter as weather conditions allow.
    (d)   The Department shall notify the permittee and the surface owner of its decision to release or not to release all or part of the performance bond or deposit within sixty (60) days from receipt of the completed application.
[Source: Added at 26 Ok Reg 3002, eff 8-27-09]