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TITLE 16 | ECONOMIC REGULATION |
PART 1 | RAILROAD COMMISSION OF TEXAS |
CHAPTER 12 | COAL MINING REGULATIONS |
SUBCHAPTER J | BOND AND INSURANCE REQUIREMENTS FOR SURFACE COAL MINING AND RECLAMATION OPERATIONS |
DIVISION 5 | PERFORMANCE BOND FORFEITURES CRITERIA AND PROCEDURES |
RULE §12.317 | Determination of Forfeiture Amount |
The Commission shall forfeit the amount of the bond for which liability is outstanding and deposit the proceeds thereof in an interest-bearing escrow account for use in the payment of all costs and administrative expenses associated with the conduct of reclamation activities by the Commission. |
Source Note: The provisions of this §12.317 adopted to be effective April 7, 1997, 22 TexReg 3093. |