| (a) The Commission shall prescribe and furnish the form for filing a performance bond. (b) The Commission shall prescribe terms and conditions for performance bonds and insurance by regulations which meet, at a minimum, the requirements of §§12.304-12.307 of this title (relating to Amount and Duration of Performance Bond), and of §§12.308-12.311 of this title (relating to Form, Conditions, and Terms of Performance Bond and Liability Insurance). (c) The Commission shall determine the amount of the performance bond required for the permit area including adjustments to the initial amount from time-to-time as land acreages in the permit area are revised, or when other relevant conditions change according to the minimum requirements of §12.304(a) of this title (relating to Determination of Bond Amount). (d) The Commission may accept a self-bond in lieu of a surety or collateral bond if the
permittee meets the requirements of §12.309(j) of this title (relating to Terms and Conditions of the Bond) and any additional requirements of §12.309(a)-(d) of this title (relating to Terms and Conditions of the Bond). (e) The Commission shall release the permittee from his bond and insurance requirements consistent with §§12.312 and 12.313 of this title (relating to Procedures, Criteria, and Schedule for Release of Performance Bond). (f) The Commission may cause all or part of a bond to be forfeited consistent with §§12.314-12.317 of this title (relating to Performance Bond Forfeitures Criteria and Procedures).
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