Michigan Laws 324.63107 – Performance bond, security, or assurance of operator
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Terms Used In Michigan Laws 324.63107
- Mining operation: means a ferrous mineral mining operation. See Michigan Laws 324.63101
- operator: means a person who owns or leases the plant and equipment utilized in a mining area and is engaged in the business of mining ferrous minerals or preparing to engage in mining operations. See Michigan Laws 324.63101
- Supervisor of reclamation: means the department. See Michigan Laws 324.63101
The supervisor of reclamation, if he or she has reasonable doubts as to an operator‘s financial ability to comply with the rules promulgated under this part as to actions to be taken after completion of mining operations or any phase of mining operations, may require an operator to furnish a performance bond or other security or assurance satisfactory to the supervisor of reclamation. The supervisor of reclamation may postpone furnishing of the bond, security, or assurance depending upon the life of the mining operation.