Statutes, codes, and regulations
North Dakota Administrative Code
Title 69 - Public Service CommissionArticle 69-05.2 - Surface Coal Mining and Reclamation Operations
Chapter 69-05.2-12 - Performance Bonds - Liability Insurance
Section 69-05.2-12-18 - Forfeiture of performance bond - Amount of forfeiture

N.D. Admin. Code 69-05.2-12-18

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Current through Supplement No. 394, October, 2024
Section 69-05.2-12-18 - Forfeiture of performance bond - Amount of forfeiture

If the commission requires performance bond forfeiture, the total amount of all bonds for the bonded area for which liability is outstanding must be forfeited. Any bond proceeds remaining after reclamation is completed will be refunded. If there is more than one bond for a bonded area, including collateral bonds and self-bonds, any proceeds remaining after reclamation work is completed will be refunded proportionately.

N.D. Admin Code 69-05.2-12-18

Effective August 1, 1980; amended effective May 1, 1988; May 1, 1992.

General Authority: NDCC 38-14.1-03

Law Implemented: NDCC 38-14.1-16, 38-14.1-30