SECTION 12.304. Determination of Bond Amount

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(a) The amount of the bond required for each bonded area shall depend upon the reclamation requirements of the approved permit; shall reflect the probable difficulty of reclamation giving consideration to such factors as topography, geology of the site, hydrology, and revegetation potential, and shall be determined by the Commission.
(b) The amount of the bond shall be sufficient to assure the completion of the reclamation plan if the work has to be performed by the Commission in the event of forfeiture; and
(c) In no case shall the bond for the entire area under one permit be less than $10,000.
(d) The amount of bond shall be based on, but not limited to, the estimated cost submitted by the permit applicant and shall be determined by the Commission.

Source Note: The provisions of this §12.304 adopted to be effective April 7, 1997, 22 TexReg 3093.

                    
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