14-34-7-13. Effect of Invalidation of Ic 14-34-7-1
Sec. 13. For purposes of IC 1-1-1-8, if the amendments to IC 14-34-7-1, as amended by SEA 125-1995, are held invalid or otherwise unenforceable, the other amendments to IC 14-34-7 made by SEA 125-1995 are also void. As added by P.L.176-1995, SEC.23.
14-34-7-2.5. “Surface Mining Control and Reclamation Act” Defined
Sec. 2.5. As used in this chapter, “Surface Mining Control and Reclamation Act” means the federal Surface Mining Control and Reclamation Act of 1977 (30 U.S.C. 1201 through 1328). As added by P.L.176-1995, SEC.12.
14-34-7-3. “Tangible Net Worth” Defined
Sec. 3. As used in this chapter, “tangible net worth” means: (1) net worth; minus (2) intangibles such as goodwill and rights to patents or royalties. [Pre-1995 Recodification Citation: 13-4.1-6.3-7.] As added by P.L.1-1995, SEC.27.
14-34-7-4. “Current Assets” Defined
Sec. 4. (a) As used in this section, “current assets” means cash or other assets or resources that are reasonably expected to be converted to cash or sold or consumed within: (1) one (1) year; or (2) the normal operating cycle of the business. (b) As used in this section, “current liabilities” means: (1) obligations […]
14-34-7-4.1. Method of Replacement of Self-Bonds
Sec. 4.1. (a) Before January 1, 1996, all self-bonds in effect on July 1, 1995, must be replaced in one (1) of the following ways: (1) The self-bond may be replaced by another form of bond allowed under IC 13-4.1-6. (2) The self-bonded permittee may reapply for self-bonding under this chapter. (b) If the application […]
14-34-7-5. “Corporate Guarantee” Defined
Sec. 5. (a) A written guarantee accepted under this section is referred to as a “corporate guarantee”. (b) The director may accept a corporate guarantee for an applicant’s self-bond from a corporate guarantor if, at the time the self-bond is accepted, the following conditions are met: (1) The guarantee is in writing. (2) The applicant […]
14-34-7-6. Self-Bond or Corporate Guarantee; Percentage of Net Worth
Sec. 6. (a) For the director to accept an applicant’s self-bond, the total amount of the outstanding and proposed self-bonds of the applicant for surface coal mining and reclamation operations in the United States may not exceed twenty-five percent (25%) of the applicant’s tangible net worth in the United States. (b) For the director to […]
14-34-7-7. Indemnity Agreement
Sec. 7. If the director accepts an applicant’s self-bond, an indemnity agreement shall be submitted to the director. The indemnity agreement must meet the following requirements: (1) The indemnity agreement must provide in express terms that the persons or parties bound by the agreement are liable to the director for all costs incurred by the […]
14-34-7-7.1. Collateral and Indemnity Agreement to Support Self-Bond Application
Sec. 7.1. (a) If an application for self-bonding is rejected based on the information required by section 4 of this chapter or limitations set forth in section 4 of this chapter, the applicant may offer collateral (as defined in section 0.5 of this chapter) and an indemnity agreement to support the applicant’s self-bond application. An […]
14-34-7-8. Updated Information for Self-Bond or Corporate Guarantee
Sec. 8. The director shall require self-bonded applicants and corporate guarantors to submit: (1) an update of the information required under section 4(d)(7), 4(d)(8), and 4(f) of this chapter within ninety (90) days after the close of each fiscal year; and (2) information required under section 4(d)(8)(B) of this chapter on a quarterly basis not […]