Statutes, codes, and regulations
Pennsylvania Code (Rules and Regulations)
Title 25 - ENVIRONMENTAL PROTECTIONPart I - Department of Environmental ProtectionSubpart C - Protection of Natural ResourcesArticle I - Land ResourcesChapter 86 - SURFACE AND UNDERGROUND COAL MINING: GENERALSubchapter F - BONDING AND INSURANCE REQUIREMENTS
FORM, TERMS AND CONDITIONS OF BONDS AND INSURANCE
Section 86.167 - Transfer of permits

25 Pa. Code § 86.167

Download
PDF
Current through Register Vol. 54, No. 50, December 14, 2024
Section 86.167 - Transfer of permits

Before a permit is transferred as provided in Subchapter B (relating to permits), the successor operator shall post a new bond in an appropriate amount determined by the Department under this subchapter but in no case less than the amount of bond on deposit with the Department, in the successor operator's name, assuming all accrued liability for the permit area. The successor operator may use negotiable securities of the former permittee as the bond guarantee if they obtain an assignment of residual right, title and interest to the negotiable securities from the former permittee and provide the Department with proof of the assignment.

25 Pa. Code § 86.167

The provisions of this § 86.167 adopted December 19, 1980, 10 Pa.B. 4789, effective 7/31/1982, 12 Pa.B. 2382; amended July 30, 1982, 12 Pa.B. 2473, effective 7/31/1982, 12 Pa.B. 2382.

This section cited in 25 Pa. Code § 86.155 (relating to scope).