Section 11.86.805. Bond.

Latest version.

	(a)  11 AAC 82.600 applies to offshore prospecting permits, offshore mining leases, and upland mining leases. If a bond is required, the applicant, permittee, or lessee will be given notice of the requirement and its effective date. At least 30 days will be allowed to provide the bond.  
	(b)  The director will, in his or her discretion, if a significant change in the scope of operations occurs, or before approving an assignment, alter the amount of the bond.  
	(c)  A bond provided under this section will be released upon the following conditions:  
		(1) the expiration or relinquishment of the lease or prospecting permit; and  
		(2) the reclamation of the lease area or prospecting permit area as set out and approved in the plan of operations.

Authorities

38.05.020;38.05.035;38.05.130;38.05.205;38.05.250

Notes

Authority
 AS 38.05.020  
AS 38.05.035  
AS 38.05.130  
AS 38.05.205  
AS 38.05.250  
History Eff. 5/30/85, Register 94

                    
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