KRS 350.064: Reclamation bond to be filed by applicant.

(1) After a surface coal mining and reclamation permit application has been approved

but before the permit is issued, the applicant shall file with the regulatory authority,

on a form prescribed and furnished by the regulatory authority, a reclamation bond

for performance payable, as appropriate, to the state, and conditional upon faithful

performance of all the requirements of this chapter and the permit. The reclamation

bond shall cover that area of land within the permit area upon which the applicant

will initiate and conduct surface coal mining and reclamation operations within the

initial term of the permit. As succeeding increments of surface coal mining and

reclamation operations are to be initiated and conducted within the permit area, the

permittee shal l file with the cabinet an additional bond or bonds to cover the

increments in accordance with this section.

(2) The cabinet may approve an alternative system that will achieve the objectives and

purposes of the bonding program pursuant to this section.