{"data":{"id":"us-ok/okla.-stat.-tit.-45-45-728","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 45, § 45-728","heading":"Bond - Cash deposit","body":"\n\nA. Any bond required to be filed with the Department by the\n\noperator shall be in such form as the Director prescribes, payable\n\nto the State of Oklahoma, conditioned that the operator shall\n\nfaithfully perform all requirements of the Mining Lands Reclamation\n\nAct and comply with all rules of the Department made in accordance\n\nwith the provisions of the Mining Lands Reclamation Act. Such bond\n\nshall be signed by the operator as principal, and by a good and\n\nsufficient corporate surety, licensed to do business in the state,\n\nas surety.\n\nB. The penal sum of such bond shall be determined by the\n\nDepartment and shall depend on the performance requirements of the\n\napproved permit. The minimum bond shall be Two Thousand Dollars\n\n($2,000.00).\n\nIn determining the amount of the bond, the Department shall take\n\ninto consideration the character and nature of the overburden, the\n\nfuture suitable use of the land involved and the cost of reclamation\n\nto be required.\n\nC. A bond shall not be cancelable by the surety except after\n\nnot less than ninety (90) days' prior written notice to the\n\nDepartment. Bonds may be continued in effect from year to year, and\n\na new bond need not be provided for each permit application. A\n\nsingle bond may cover all of the operator's mining operations in the\n\nstate. The penalty of the bond or amount of cash and securities, as\n\nprovided in subsection E of this section, shall be increased or\n\nreduced from time to time as provided in the Mining Lands\n\nReclamation Act.\n\nD. If the license to do business in the state of any surety\n\nupon a bond filed with the Department pursuant to the Mining Lands\n\nReclamation Act shall be suspended or revoked, the operator, within\n\nthirty (30) days after receiving notice from the Department, shall\n\nsubstitute for such surety a good and sufficient corporate surety\n\nlicensed to do business in the state. Upon failure of the operator\n\nto make substitution of surety as required, the Department shall\n\nhave the right to suspend the permit of the operator to conduct\n\noperations upon the land described in such permit until such\n\nsubstitution has been made.\n\nE. In lieu of such bond, the operator may deposit cash\n\ngovernment securities, Certificates of Deposit or an irrevocable\n\nletter of credit with the Department in an amount equal to that of\n\nthe required bond on conditions as prescribed by the Department. In\n\nthe discretion of the Department surety bond requirements may also\n\nbe fulfilled by using existing reclaimed areas, in excess of\n\ncumulative permit or mined acres, that have been completed under the\n\njurisdiction of the Mining Lands Reclamation Act and approved by the\n\nDepartment.\n\nF. Such bond or security shall remain in effect until the mined\n\nacres have been reclaimed, approved and released by the Department.\n\nIf the Department determines that grading has been satisfactorily\n\ncompleted pursuant to the Mining Lands Reclamation Act, the\n\nDepartment may release up to eighty percent (80%) of the penal sum\n\nof the bond filed for each acre of land graded. The remaining\n\nportion of the bond shall continue in effect until the completion of\n\nthe requirements pursuant to Section 725 of this title.","path":["OK Code","Title 45"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os45.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"eec8104fac19a04deec5402fc04dd92106442ddc15401b2fdffe5a40050375a6","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-45-45-727","next":"us-ok/okla.-stat.-tit.-45-45-729"},"notice":"GroundRules: Original legal text. Not legal advice."}