SECTION 460:30-4-14. 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. Re-placement of a performance bond pursuant to this Section shall not constitute a release of bond under Section 460:30-4-15 of this Chapter.

[Source: Added at 28 Ok Reg 2371, eff 9-11-11]

                    
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