Sec. 5. (a) An application for participation in the bond pool must be accompanied by an entrance fee of one thousand dollars ($1,000). The fees collected under this section shall be deposited in the post-1977 abandoned mine reclamation fund under IC 14-34-6-15 and dedicated as collateral for the bond pool. The entrance fee is not required on subsequent permits or bond increments after an operator has been accepted for participation in the bond pool.

     (b) In addition to the initial payments to the bond pool under subsection (a), an operator electing to participate in the bond pool must furnish a bond in an amount adequate to ensure phase I reclamation, except as provided in subsection (c).

     (c) The director may accept:

(1) the bond of an operator without separate surety under the self-bonding provisions of IC 14-34-7; or

(2) deposits in lieu of bond under IC 14-34-6-5.

     (d) Subject to subsection (e), fees and payments under this chapter are:

(1) not refundable; and

(2) in addition to all other fees required under this article.

     (e) The entrance fee required under subsection (a) is refundable if the application is rejected.

     (f) Bond pool participants may post incremental bonds under IC 14-34-6-1. The bonds may be posted in increments according to a schedule contained in the approved permit application.

[Pre-1995 Recodification Citation: 13-4.1-6.5-5.]

As added by P.L.1-1995, SEC.27.