Penalty Bond

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Sec. 22. The commission shall determine the amount of a penalty bond subject to the following:

(1) A bond may not be less than:

(A) five thousand dollars ($5,000); or

(B) one thousand dollars ($1,000) per acre;

whichever is larger.

(2) The total bond may not be greater than five thousand dollars ($5,000) per acre.

[Pre-1995 Recodification Citation: 13-4-6-5(f) part.]

As added by P.L.1-1995, SEC.29.


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