Section 69-05.2-12-08 - Performance bond Adjustment of amount1. The commission will review each bond consistent with section 69-05.2-11-01 or more frequently and notify the permittee of any proposed bond adjustment. 2. The commission will reevaluate bonds with the standards in section 69-05.2-12-07. 3. If the commission determines a bond adjustment is required, the permittee is entitled to an informal conference on the adjustment under 69-05.2-10 and North Dakota Century Code section 38-14.1-19. 4. A permittee may request reduction of the required bond amount upon submission of evidence showing the permittee's operations or other circumstances will reduce the maximum estimated cost for the commission to complete reclamation. Bond reductions which involve undisturbed land or revision of the cost estimate of reclamation are not bond releases. A request for reduction in bond for reclamation work performed on disturbed areas is a request for bond release. N.D. Admin Code 69-05.2-12-08
Effective August 1, 1980; amended effective May 1, 1988; January 1, 1993.General Authority: NDCC 38-14.1-03 Law
Implemented: NDCC 38-14.1-16