Section 312IAC25-5-18. Determination of forfeiture amount

   The department shall forfeit the amount of the bond for which liability is outstanding and deposit the proceeds thereof in a dedicated account for use in the payment of all costs associated with the conduct of reclamation activities by the department. Funds forfeited and not used to contract for completion of reclamation work, as indicated in this section, shall be returned by the department to the appropriate entity after reclamation operations have been completed. (Natural Resources Commission; 312 IAC 25-5-18; filed Jun 21, 2001, 2:53 p.m.: 24 IR 3508, eff Dec 1, 2001; readopted filed May 29, 2007, 9:51 a.m.: 20070613-IR-312070146RFA; readopted filed Sep 19, 2013, 10:12 a.m.: 20131016-IR-312130125RFA)