                                 CODE OF VIRGINIA

 BOND OF OPERATOR (§ 45.2-1208)

Each operator at the time of filing his application shall furnish bond on a form
that is prescribed by the Director. Such bond shall be payable to the Department
and conditioned on the faithful performance by the operator of all requirements
of this chapter and the operations plan as approved and directed by the
Department. The amount of bond shall be $3,000 per acre, based upon the number
of acres of land that the operator estimates will be affected by mining
operations during the next year. Such bond shall be executed by the operator and
by a corporate surety licensed to do business in the Commonwealth. However, in
lieu of such bond the operator may deposit cash or collateral security
acceptable to the Director.

HISTORY: 1968, c. 734, § 45.1-183; 1970, c. 245; 1972, c. 206; 1974, c. 312;
1977, c. 312; 2017, c. 4; 2021, Sp. Sess. I, c. 387.