Replacement of bonds.

  1. Law
  2. CFR 30
  3. Mineral Resources
  4. Office of Surface Mining Reclamation and Enforcement, Department of the Interior
  5. Performance Bond, Financial Assurance, and Insurance Requirements for Surface Coal Mining and Reclamation Operations
  6. Bond and Insurance Requirements for Surface Coal Mining and Reclamation Operations Under Regulatory Programs
  7. Replacement of bonds.

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§ 800.30 Replacement of bonds.

(a) The regulatory authority may allow a permittee to replace existing bonds with other bonds that provide equivalent coverage.

(b) The regulatory authority shall not release existing performance bonds until the permittee has submitted, and the regulatory authority has approved, acceptable replacement performance bonds. Replacement of a performance bond pursuant to this section shall not constitute a release of bond under § 800.40.

[48 FR 32959, July 19, 1983, as amended at 81 FR 93381, Dec. 20, 2016; 82 FR 54972, Nov. 17, 2017]


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