A. The Board is authorized to require bonds of licensees. A bond shall beforfeited when the public health and safety is endangered by ionizingradiation due to the abandonment by a licensee of a licensed activity orlicensed materials or due to a violation of law by a licensee. Each bond soforfeited shall be credited to a special fund on the books of the Departmentcalled the Radiation Reclamation Fund and shall be expended as necessary torestore to a safe condition the site where the licensed activity is or wasconducted or the licensed materials are located.
B. The Board shall adopt regulations for determining the amount of each bondbased upon the potential for contamination and injury by the licensedactivity or material, the cost of disposal of the licensed material and thecost of restoring the site of the licensed activity to a safe condition.
C. No state, local or other governmental agency shall be required to file abond. The Board may, by regulation, provide for the exemption of classes oflicensees from bonding requirements if such classes present no significantrisk to the public health and safety.
D. An acceptable bond for the purposes of this section shall be a bond issuedby a fidelity or surety company authorized to do business in Virginia, apersonal bond secured by such collateral as the Board may require or a cashbond.
(Code 1950, § 32-414.4:1; 1976, c. 652; 1979, c. 711.)
A. The Board is authorized to require bonds of licensees. A bond shall beforfeited when the public health and safety is endangered by ionizingradiation due to the abandonment by a licensee of a licensed activity orlicensed materials or due to a violation of law by a licensee. Each bond soforfeited shall be credited to a special fund on the books of the Departmentcalled the Radiation Reclamation Fund and shall be expended as necessary torestore to a safe condition the site where the licensed activity is or wasconducted or the licensed materials are located.
B. The Board shall adopt regulations for determining the amount of each bondbased upon the potential for contamination and injury by the licensedactivity or material, the cost of disposal of the licensed material and thecost of restoring the site of the licensed activity to a safe condition.
C. No state, local or other governmental agency shall be required to file abond. The Board may, by regulation, provide for the exemption of classes oflicensees from bonding requirements if such classes present no significantrisk to the public health and safety.
D. An acceptable bond for the purposes of this section shall be a bond issuedby a fidelity or surety company authorized to do business in Virginia, apersonal bond secured by such collateral as the Board may require or a cashbond.
(Code 1950, § 32-414.4:1; 1976, c. 652; 1979, c. 711.)
A. The Board is authorized to require bonds of licensees. A bond shall beforfeited when the public health and safety is endangered by ionizingradiation due to the abandonment by a licensee of a licensed activity orlicensed materials or due to a violation of law by a licensee. Each bond soforfeited shall be credited to a special fund on the books of the Departmentcalled the Radiation Reclamation Fund and shall be expended as necessary torestore to a safe condition the site where the licensed activity is or wasconducted or the licensed materials are located.
B. The Board shall adopt regulations for determining the amount of each bondbased upon the potential for contamination and injury by the licensedactivity or material, the cost of disposal of the licensed material and thecost of restoring the site of the licensed activity to a safe condition.
C. No state, local or other governmental agency shall be required to file abond. The Board may, by regulation, provide for the exemption of classes oflicensees from bonding requirements if such classes present no significantrisk to the public health and safety.
D. An acceptable bond for the purposes of this section shall be a bond issuedby a fidelity or surety company authorized to do business in Virginia, apersonal bond secured by such collateral as the Board may require or a cashbond.
(Code 1950, § 32-414.4:1; 1976, c. 652; 1979, c. 711.)
