Section 230. Period of liability

A. The bond liability shall be for the duration of the mineral mining operation and for the period following reclamation, which is necessary to demonstrate the success of the final reclamation.

B. In lieu of the requirements of 4VAC25-31-240 through 4VAC25-31-270, a permittee accruing five years of satisfactory operation under Chapter 16 (§ 45.1-180 et seq.) of Title 45.1 of the Code of Virginia shall be required to enter the Minerals Reclamation Fund as established in Article 4 (§ 45.1-197.8 et seq.) of Chapter 16 of Title 45.1 of the Code of Virginia and 4VAC25-31-320. All performance bonds will be released upon acceptance in the Minerals Reclamation Fund and payment of required fees.

Historical Notes

Derived from Volume 19, Issue 24, eff. September 11, 2003.

Statutory Authority

§§ 45.1-161.3 and 45.1-180.3 of the Code of Virginia.