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 […]
14-34-7-9. Change in Financial Condition
Sec. 9. (a) If at any time during the period when a self-bond is posted, the financial conditions of the applicant or the corporate guarantor change so that the criteria of sections 4(d)(7), 4(f), and 6 of this chapter are no longer satisfied, the permittee shall do the following: (1) Notify the director immediately. (2) […]
14-34-7-10. Report of Public Accounting Consultant
Sec. 10. (a) An applicant shall submit, in addition to the financial information required under section 4 of this chapter, a report prepared by a qualified independent public accounting consultant selected from a list of public accounting consultants approved by the director. The director shall consider the information in the report when deciding whether to […]
14-34-7-11. Incremental Self-Bonds; Coverage of Deferred Grading Areas
Sec. 11. (a) The director may not accept an applicant’s self-bond under this chapter in an increment unless, when the self-bond is initially approved under this chapter, the total area of the increment is one hundred percent (100%) self-bonded. (b) When a self-bond is initially accepted from a permit applicant under this chapter, the self-bond […]
14-34-7-12. Alternate Forms of Self-Bonds; Monitoring of Reclamation
Sec. 12. (a) If a permittee who posted a self-bond under this chapter does not file an application for a Phase I grading release with the department before the second November 1 after the year in which the coal was removed from the site covered by the self-bond, the permittee shall replace the self-bond with […]
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.