Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 460. Department of Mines |
Chapter 20. The Permanent Regulations Governing the Coal Reclamation Act of 1979 |
Subchapter 37. Bond and Insurance Requirements for Surface Coal Mining and Reclamation Operations Under Regulatory Programs |
SECTION 460:20-37-14. Replacement of bonds
Latest version.
- (a) The Department may allow a permittee to replace existing bonds with other bonds that provide equivalent coverage.(b) The Department shall not release existing performance bonds until the permittee has submitted, and the Department has approved, acceptable replacement performance bonds. Replacement of a performance bond pursuant to this Section shall not constitute a release of bond under Section 460:20-37-15.