17.24.1120 BONDING: DETERMINATION OF FORFEITURE AMOUNT
The department shall either:
(1) determine the amount of the bond to be
forfeited on the basis of the estimated cost to the department or its
contractor to complete the reclamation plan and other regulatory requirements
in accordance with the Act, the rules adopted pursuant thereto, and the
requirements of the permit; or
(2) forfeit the entire amount of the bond for
which liability is outstanding and deposit the proceeds thereof in an
interest-bearing escrow account for use in the payment of all costs and
administrative expenses associated with the conduct of reclamation, restoration
or abatement activities by the department.
History: 82-4-204, 82-4-205, MCA; IMP, 82-4-223, 82-4-232, 82-4-235, MCA; NEW, 1980 MAR p. 725, Eff. 4/1/80; TRANS, from DSL, 1996 MAR p. 3042.