208.23 FORM OF BOND.
1. A bond filed with the division by an operator pursuant to this
chapter shall be in a form prescribed by the division, payable to the
state of Iowa, and conditioned upon faithful performance by the
operator of all requirements of this chapter and all rules adopted by
the division pursuant to this chapter. The bond shall be signed by
the operator as principal and by a corporate surety licensed to do
business in Iowa as surety. In lieu of a bond, the operator may
deposit cash or certificates of deposit with the division on the same
conditions as prescribed by this section for filing of bonds. The
amount of the bond required to be filed with an application for
registration of a mining site, or to increase the area of a site
previously registered, shall be equal to the cost of reclaiming the
site as required under section 208.17 and estimated by the division.
2. The estimated cost of reclamation of each individual site
shall be determined by the division on the basis of the requirements
of this chapter and other relevant factors including, but not limited
to, topography of the site, mining methods being employed, depth and
composition of overburden, depth of the mineral deposit being mined,
and cost of administration. The division may require an operator to
furnish information necessary to estimate the cost of reclaiming the
site. The amount of the bond may be increased or reduced from time
to time as determined necessary and appropriate by the division or in
accordance with section 208.15.
Section History: Early Form
[C71, 73, 75, 77, 79, 81, § 83A.23]
Section History: Recent Form
85 Acts, ch 137, §18
C93, § 208.23
96 Acts, ch 1043, §15
Referred to in § 208.14, 208.24
208.23 FORM OF BOND.
1. A bond filed with the division by an operator pursuant to this
chapter shall be in a form prescribed by the division, payable to the
state of Iowa, and conditioned upon faithful performance by the
operator of all requirements of this chapter and all rules adopted by
the division pursuant to this chapter. The bond shall be signed by
the operator as principal and by a corporate surety licensed to do
business in Iowa as surety. In lieu of a bond, the operator may
deposit cash or certificates of deposit with the division on the same
conditions as prescribed by this section for filing of bonds. The
amount of the bond required to be filed with an application for
registration of a mining site, or to increase the area of a site
previously registered, shall be equal to the cost of reclaiming the
site as required under section 208.17 and estimated by the division.
2. The estimated cost of reclamation of each individual site
shall be determined by the division on the basis of the requirements
of this chapter and other relevant factors including, but not limited
to, topography of the site, mining methods being employed, depth and
composition of overburden, depth of the mineral deposit being mined,
and cost of administration. The division may require an operator to
furnish information necessary to estimate the cost of reclaiming the
site. The amount of the bond may be increased or reduced from time
to time as determined necessary and appropriate by the division or in
accordance with section 208.15.
Section History: Early Form
[C71, 73, 75, 77, 79, 81, § 83A.23]
Section History: Recent Form
85 Acts, ch 137, §18
C93, § 208.23
96 Acts, ch 1043, §15
Referred to in § 208.14, 208.24
208.23 FORM OF BOND.
1. A bond filed with the division by an operator pursuant to this
chapter shall be in a form prescribed by the division, payable to the
state of Iowa, and conditioned upon faithful performance by the
operator of all requirements of this chapter and all rules adopted by
the division pursuant to this chapter. The bond shall be signed by
the operator as principal and by a corporate surety licensed to do
business in Iowa as surety. In lieu of a bond, the operator may
deposit cash or certificates of deposit with the division on the same
conditions as prescribed by this section for filing of bonds. The
amount of the bond required to be filed with an application for
registration of a mining site, or to increase the area of a site
previously registered, shall be equal to the cost of reclaiming the
site as required under section 208.17 and estimated by the division.
2. The estimated cost of reclamation of each individual site
shall be determined by the division on the basis of the requirements
of this chapter and other relevant factors including, but not limited
to, topography of the site, mining methods being employed, depth and
composition of overburden, depth of the mineral deposit being mined,
and cost of administration. The division may require an operator to
furnish information necessary to estimate the cost of reclaiming the
site. The amount of the bond may be increased or reduced from time
to time as determined necessary and appropriate by the division or in
accordance with section 208.15.
Section History: Early Form
[C71, 73, 75, 77, 79, 81, § 83A.23]
Section History: Recent Form
85 Acts, ch 137, §18
C93, § 208.23
96 Acts, ch 1043, §15
Referred to in § 208.14, 208.24
