Sec. 29. (a) Upon the completion of the grading requirements, the commission shall grant a partial release of the bond. The amount of bond retained for revegetation must be adequate to cover the satisfactory reclamation of the area. The remainder of the bond shall continue to be posted until satisfactory vegetative cover has been established but not for more than fifteen (15) years.

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Terms Used In Indiana Code 14-36-1-29

  • reclamation: means the rehabilitation of the area of land affected by surface mining under an approved reclamation plan. See Indiana Code 14-36-1-11
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
     (b) If the bond is forfeited, the director shall expend the bond in a reclamation program for the area of land for which the bond was posted.

[Pre-1995 Recodification Citation: 13-4-6-7(c).]

As added by P.L.1-1995, SEC.29.

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