Section 519A.610 - Release of deposit and unused premium1. A participant is eligible for the release of funds described in subsection 2 when the responsible regulatory authority confirms in writing that the participant: (a) Has satisfied the requirement to reclaim land disturbed by a mining operation or exploration project and the bond may be released; or(b) Has obtained a surety which replaces the bond coverage of the participant by the bond pool.2. Not later than 5 business days after receipt of written notification from the responsible regulatory authority that the participant has completed the requirements of subsection 1, the Administrator or a person designated by the Administrator will request the State Treasurer to release: (a) The deposit of a participant;(b) Any unused premium paid by him or her, less any outstanding penalties or premiums; and(c) Seventy-five percent of the sum total of any premiums paid up to the point in time the amount of the deposit and the premiums paid by the participant equaled the amount of the bond.Nev. Admin. Code § 519A.610
Added to NAC by Dep't of Minerals, eff. 10-9-90; A by Div. of Minerals, 11-14-97; A by R044-19A, eff. 12/17/2019