{"data":{"id":"us-va/4vac25-130-800.23","jurisdiction":"us-va","citation":"4VAC25-130-800.23","heading":"Escrow bonding","body":"(a) The division may authorize the permittee to supplement a bonding program through the establishment of an escrow account deposited in one or more federally insured accounts payable on demand only to the division or deposited with the division directly. Contributions to the account may be based on acres affected or tons of coal produced or any other rate approved by the division. In all cases, the total bond including any escrow amount, as determined by the division in the bonding schedule, shall not be less than the amount required under 4VAC25-130-800.14 or Part 801, including any adjustments, less amounts released under 4VAC25-130-800.40 or Part 801.\n\n(b) Escrow funds deposited in federally insured accounts shall not exceed the maximum insured amount under applicable Federal insurance programs such as by FDIC or FSLIC.\n\n(c) Interest paid on escrow accounts shall be retained in the escrow account and applied to the bond value of the escrow account unless the division has approved that the interest be paid to the permittee. In order to qualify for interest payment, the permittee shall request such action in writing during the permit application process under 4VAC25-130-800.11.\n\n(d) Certificates of deposit may be substituted for escrow accounts upon approval of the division. Provisions of 4VAC25-130-800.21 shall apply to certificates of deposit as collateral bond.","path":["Title 4. Conservation And Natural Resources","Agency 25. Department of Energy","Chapter 130. Coal Surface Mining Reclamation Regulations","Part 800. Requirements for Bonding of Surface Coal Mining and Reclamation Operations"],"source_url":"https://law.lis.virginia.gov/admincode/title4/agency25/chapter130/section800.23/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:46:16Z","sha256":"6c916fee3ef0e1603488dd583f6db1b0b0baf75a39c91f4938f12504e4f127f1","source_id":"us-va-vac","stale":false,"prev":"us-va/4vac25-130-800.21","next":"us-va/4vac25-130-800.24"},"notice":"GroundRules: Original legal text. Not legal advice."}