{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/45.2-1240.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/45.2-1240.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/45.2-1240.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/45.2-1240.html"}],"law_id":73073,"edition_id":1,"section_id":73073,"structure_id":13017,"section_number":"45.2-1240","catch_line":" Decreases in size of Fund","history":"1978, c. 634, \u00a7 45.1-197.14; 2017, c. 4; 2021, Sp. Sess. I, c. 387.","full_text":"Whenever the size of the Fund decreases to less than $2 million, the Director shall suspend the return of payments pursuant to \u00a7 45.2-1237 and shall assess all members an equal amount for each affected acre, for a total amount sufficient to raise the Fund to $2 million. In lieu of such assessment, all members shall at the request of the Director post bonds or other securities within six months after the Director so notifies the members. Failure of a member to post bond or other surety or to pay the required assessment shall result in the revocation of the permit of the member and the forfeiture of the member’s payments in accordance with \u00a7 45.2-1238.","order_by":null,"text":{"0":{"id":263124,"text":"Whenever the size of the Fund decreases to less than $2 million, the Director shall suspend the return of payments pursuant to \u00a7 45.2-1237 and shall assess all members an equal amount for each affected acre, for a total amount sufficient to raise the Fund to $2 million. In lieu of such assessment, all members shall at the request of the Director post bonds or other securities within six months after the Director so notifies the members. Failure of a member to post bond or other surety or to pay the required assessment shall result in the revocation of the permit of the member and the forfeiture of the member’s payments in accordance with \u00a7 45.2-1238.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13017,"edition_id":1,"name":"Minerals Reclamation Fund","identifier":"4","label":"article","depth":5,"order_by":1,"parent_id":13016,"metadata":{},"date_created":"2026-06-26 03:44:09","date_modified":"2026-06-26 03:44:09","permalink":{"id":224545,"object_type":"structure","relational_id":13017,"identifier":"4","token":"45.2\/III\/A\/12\/4","url":"\/45.2\/III\/A\/12\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13016,"edition_id":1,"name":"Permits for Certain Mining Operations; Reclamation of Land","identifier":"12","label":"chapter","depth":4,"order_by":1,"parent_id":12950,"metadata":{},"date_created":"2026-06-26 03:44:09","date_modified":"2026-06-26 03:44:09","permalink":{"id":224405,"object_type":"structure","relational_id":13016,"identifier":"12","token":"45.2\/III\/A\/12","url":"\/45.2\/III\/A\/12\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12950,"edition_id":1,"name":"Mineral Mines Generally","identifier":"A","label":"part","depth":3,"order_by":1,"parent_id":12949,"metadata":{},"date_created":"2026-06-26 03:44:04","date_modified":"2026-06-26 03:44:04","permalink":{"id":224111,"object_type":"structure","relational_id":12950,"identifier":"A","token":"45.2\/III\/A","url":"\/45.2\/III\/A\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12949,"edition_id":1,"name":"Mineral Mines","identifier":"III","label":"subtitle","depth":2,"order_by":1,"parent_id":12713,"metadata":{},"date_created":"2026-06-26 03:44:04","date_modified":"2026-06-26 03:44:04","permalink":{"id":224109,"object_type":"structure","relational_id":12949,"identifier":"III","token":"45.2\/III","url":"\/45.2\/III\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12713,"edition_id":1,"name":"Mines, Minerals, and Energy","identifier":"45.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":222539,"object_type":"structure","relational_id":12713,"identifier":"45.2","token":"45.2","url":"\/45.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":67066,"structure_id":13017,"section_number":"45.2-1233","catch_line":" Definition","url":"\/45.2-1233\/","token":"45.2\/III\/A\/12\/4\/45.2-1233","metadata":false},{"id":66635,"structure_id":13017,"section_number":"45.2-1234","catch_line":" Minerals Reclamation Fund","url":"\/45.2-1234\/","token":"45.2\/III\/A\/12\/4\/45.2-1234","metadata":false},{"id":60625,"structure_id":13017,"section_number":"45.2-1235","catch_line":" Membership in Fund; payments required","url":"\/45.2-1235\/","token":"45.2\/III\/A\/12\/4\/45.2-1235","metadata":false},{"id":57648,"structure_id":13017,"section_number":"45.2-1236","catch_line":" Release of bonds and other securities","url":"\/45.2-1236\/","token":"45.2\/III\/A\/12\/4\/45.2-1236","metadata":false},{"id":60348,"structure_id":13017,"section_number":"45.2-1237","catch_line":" Return of member payments","url":"\/45.2-1237\/","token":"45.2\/III\/A\/12\/4\/45.2-1237","metadata":false},{"id":77186,"structure_id":13017,"section_number":"45.2-1238","catch_line":" Revocation of permits; reclamation work","url":"\/45.2-1238\/","token":"45.2\/III\/A\/12\/4\/45.2-1238","metadata":false},{"id":86066,"structure_id":13017,"section_number":"45.2-1239","catch_line":" Collection of debt where cost of reclamation exceeds member's forfeited payments, etc","url":"\/45.2-1239\/","token":"45.2\/III\/A\/12\/4\/45.2-1239","metadata":false},{"id":73073,"structure_id":13017,"section_number":"45.2-1240","catch_line":" Decreases in size of Fund","url":"\/45.2-1240\/","token":"45.2\/III\/A\/12\/4\/45.2-1240","metadata":false},{"id":58345,"structure_id":13017,"section_number":"45.2-1241","catch_line":" Order of return of payments","url":"\/45.2-1241\/","token":"45.2\/III\/A\/12\/4\/45.2-1241","metadata":false},{"id":67508,"structure_id":13017,"section_number":"45.2-1242","catch_line":" Discontinuance of Fund","url":"\/45.2-1242\/","token":"45.2\/III\/A\/12\/4\/45.2-1242","metadata":false},{"id":54087,"structure_id":13017,"section_number":"45.2-1243","catch_line":" Construction of article; Fund used solely for reclamation","url":"\/45.2-1243\/","token":"45.2\/III\/A\/12\/4\/45.2-1243","metadata":false}],"previous_section":{"id":86066,"structure_id":13017,"section_number":"45.2-1239","catch_line":" Collection of debt where cost of reclamation exceeds member's forfeited payments, etc","url":"\/45.2-1239\/","token":"45.2\/III\/A\/12\/4\/45.2-1239","metadata":false},"next_section":{"id":58345,"structure_id":13017,"section_number":"45.2-1241","catch_line":" Order of return of payments","url":"\/45.2-1241\/","token":"45.2\/III\/A\/12\/4\/45.2-1241","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/45.2-1240\/","history_text":"

This law was first created in 1978. The record of its establishment is cataloged in chapter 634 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1978 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2017, chapter 4<\/a>.<\/p>","references":[{"id":60348,"section_number":"45.2-1237","catch_line":" Return of member payments","order_by":null,"url":"\/45.2-1237\/"}],"refers_to":[{"id":60348,"section_number":"45.2-1237","catch_line":" Return of member payments","order_by":null,"url":"\/45.2-1237\/"},{"id":77186,"section_number":"45.2-1238","catch_line":" Revocation of permits; reclamation work","order_by":null,"url":"\/45.2-1238\/"}],"permalink":{"id":224575,"object_type":"law","relational_id":73073,"identifier":"45.2-1240","token":"45.2\/III\/A\/12\/4\/45.2-1240","url":"\/45.2-1240\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/45.2-1240\/","token":"45.2\/III\/A\/12\/4\/45.2-1240","dublin_core":{"Title":" Decreases in size of Fund","Type":"Text","Format":"text\/html","Identifier":"\u00a7 45.2-1240","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Whenever the size of the Fund decreases to less than $2 million, the Director<\/span> shall suspend the return of payments pursuant to \u00a7 45.2-1237<\/a> and shall assess all members an equal amount for each affected acre, for a total amount sufficient to raise the Fund to $2 million. In lieu of such assessment, all members shall at the request of the Director<\/span> post bonds<\/span> or other securities within six months after the Director<\/span> so notifies the members. Failure of a member to post bond<\/span> or other surety<\/span> or to pay the required assessment shall result in the revocation<\/span> of the permit of the member and the forfeiture of the member’s payments in accordance with \u00a7 45.2-1238<\/a>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\n DECREASES IN SIZE OF FUND (\u00a7 45.2-1240)\n\nWhenever the size of the Fund decreases to less than $2 million, the Director\nshall suspend the return of payments pursuant to \u00a7 45.2-1237 and shall assess\nall members an equal amount for each affected acre, for a total amount\nsufficient to raise the Fund to $2 million. In lieu of such assessment, all\nmembers shall at the request of the Director post bonds or other securities\nwithin six months after the Director so notifies the members. Failure of a\nmember to post bond or other surety or to pay the required assessment shall\nresult in the revocation of the permit of the member and the forfeiture of the\nmember’s payments in accordance with \u00a7 45.2-1238.\n\nHISTORY: 1978, c. 634, \u00a7 45.1-197.14; 2017, c. 4; 2021, Sp. Sess. I, c. 387.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}