Section 11 AAC 86.805 - Bond(a)11 AAC 82.600 applies to offshore prospecting permits, offshore mining leases, and upland mining leases. If a bond is required, the applicant, permittee, or lessee will be given notice of the requirement and its effective date. At least 30 days will be allowed to provide the bond.(b) The director will, in his or her discretion, if a significant change in the scope of operations occurs, or before approving an assignment, alter the amount of the bond.(c) A bond provided under this section will be released upon the following conditions: (1) the expiration or relinquishment of the lease or prospecting permit; and(2) the reclamation of the lease area or prospecting permit area as set out and approved in the plan of operations.Eff. 5/30/85, Register 94Authority:AS 38.05.020
AS 38.05.035
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