§ 14-34-7-0.5 “Collateral” defined
§ 14-34-7-0.6 “Comparative balance sheet” defined
§ 14-34-7-0.7 “Comparative income statement” defined
§ 14-34-7-1 “Liabilities” defined
§ 14-34-7-2 “Net worth” defined
§ 14-34-7-2.5 “Surface Mining Control and Reclamation Act” defined
§ 14-34-7-3 “Tangible net worth” defined
§ 14-34-7-4 “Current assets” defined
§ 14-34-7-4.1 Method of replacement of self-bonds
§ 14-34-7-5 “Corporate guarantee” defined
§ 14-34-7-6 Self-bond or corporate guarantee; percentage of net worth
§ 14-34-7-7 Indemnity agreement
§ 14-34-7-7.1 Collateral and indemnity agreement to support self-bond application
§ 14-34-7-8 Updated information for self-bond or corporate guarantee
§ 14-34-7-9 Change in financial condition
§ 14-34-7-10 Report of public accounting consultant
§ 14-34-7-11 Incremental self-bonds; coverage of deferred grading areas
§ 14-34-7-12 Alternate forms of self-bonds; monitoring of reclamation
§ 14-34-7-13 Effect of invalidation of IC 14-34-7-1

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Terms Used In Indiana Code > Title 14 > Article 34 > Chapter 7 - Self-Bonding

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • collateral: means the actual or constructive deposit, as appropriate, with the director of one (1) or more of the following types of property in support of a self-bond:

    Indiana Code 14-34-7-0.5

  • comparative balance sheet: means item accounts from a number of the operator's successive yearly balance sheets arranged side by side in a single statement. See Indiana Code 14-34-7-0.6
  • comparative income statement: means an operator's income statement amounts for a number of successive yearly periods arranged side by side in a single statement. See Indiana Code 14-34-7-0.7
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • liabilities: means obligations to transfer assets or provide services to other entities in the future as a result of past transactions. See Indiana Code 14-34-7-1
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Month: means a calendar month, unless otherwise expressed. See Indiana Code 1-1-4-5
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Service of process: The service of writs or summonses to the appropriate party.
  • Surface Mining Control and Reclamation Act: means the federal Surface Mining Control and Reclamation Act of 1977 (Indiana Code 14-34-7-2.5
  • tangible net worth: means :

    Indiana Code 14-34-7-3

  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5