11 Miss. Code R. § 8-2.4-41-4101

Current through December 10, 2024

Section 11-8-2.4-41-4101 - Determination of Bond Amount

The standard applied by the Permit Board in determining the amount of performance bond shall be the estimated cost to the Department if it had to perform the reclamation, restoration and abatement work of a person who conducts surface coal mining and reclamation operations under the act, these regulations and the permit, and such additional work as would be required to achieve compliance with the general standards for revegetation in § 53103(a)(5) in the event the permittee fails to implement an approved alternative postmining land use plan within the two years required by § 53103. This amount shall be based on, but not be limited to:

(a) the estimated costs submitted by the permittee in accordance with § 2715;

(b) the additional estimated costs to the Department which may arise from applicable public contracting requirements or the need to bring personnel and equipment to the permit area after its abandonment by the permittee to perform reclamation, restoration and abatement work;

(c) all additional estimated costs necessary, expedient and incident to the satisfactory completion of the requirements identified in this Section;

(d) an additional amount based on factors of cost changes during the preceding five years for the types of activities associated with the reclamation to be performed;

(e) such other cost information as may be required by or available to the Permit Board.

11 Miss. Code. R. § 8-2.4-41-4101