{"data":{"id":"us-va/9vac25-770-170","jurisdiction":"us-va","citation":"9VAC25-770-170","heading":"Incapacity of Financial Providers, permittees","body":"A. A permittee shall notify the director by certified mail of the commencement of a voluntary or involuntary proceeding under Title 11 (Bankruptcy), U.S. Code, naming the permittee as debtor, within 10 days after commencement of the proceeding.\n\nB. A permittee who fulfills the requirements of this chapter by obtaining a letter of credit, a surety bond, or a certificate of deposit will be deemed to be without the required evidence of financial responsibility in the event of bankruptcy of the issuing institution, or a suspension or revocation of the authority of the institution issuing a surety bond, letter of credit, or certificate of deposit to issue such mechanisms.  The permittee shall establish other financial responsibility within 60 days of such event.","path":["Title 9. Environment","Agency 25. State Water Control Board","Chapter 770. Virginia Financial Responsibility Requirements for Mitigation Associated with Tidal Dredging Projects","Part III. Compensatory Mitigation Plan And Financial Responsibility Criteria"],"source_url":"https://law.lis.virginia.gov/admincode/title9/agency25/chapter770/section170/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:49:23Z","sha256":"2e268ed53da2f9cc8064a448e98811210f486e1b07600de638dcfb328c7d45c8","source_id":"us-va-vac","stale":false,"prev":"us-va/9vac25-770-160","next":"us-va/9vac25-770-190"},"notice":"GroundRules: Original legal text. Not legal advice."}