{"data":{"id":"us-va/4vac25-145-40","jurisdiction":"us-va","citation":"4VAC25-145-40","heading":"Financial information; bonding","body":"A. Any operator bidding or seeking to bid on reclamation projects in the Commonwealth shall submit prior to the bidding, certification by a  certified public accountant, that the company has a net worth of at least $1 million in order to qualify for 50% reduction in the performance bond. Certification of at least $500,000 will qualify the applicant for a reduction of 25% of the performance bond. Net worth under $500,000 will not be eligible for any adjustment in the bid and performance bond.\n\nB. The director, or his designee, after reviewing the information contained in the  certification described in subsection A of this section, shall adjust the bid and performance bonds accordingly unless he has information available to him that would contradict the net worth.","path":["Title 4. Conservation And Natural Resources","Agency 25. Department of Energy","Chapter 145. Regulations on the Eligibility of Certain Mining Operators to Perform Reclamation Projects"],"source_url":"https://law.lis.virginia.gov/admincode/title4/agency25/chapter145/section40/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:46:21Z","sha256":"10660ea664b42a170aadefbe3ac1c1f2841b562c2b89347281b40d8145d34016","source_id":"us-va-vac","stale":false,"prev":"us-va/4vac25-145-30","next":"us-va/4vac25-150-10"},"notice":"GroundRules: Original legal text. Not legal advice."}