Indiana Code Title 14. Natural and Cultural Resources § 14-34-8-5

Sec. 5. (a) An application for participation in the bond pool must be accompanied by an entrance fee of one thousand dollars ($1,000).  The fees collected under this section shall be deposited in the post-1977 abandoned mine reclamation fund under IC 14-34-6-15 and dedicated as collateral for the bond pool.  The entrance fee is not required on subsequent permits or bond increments after an operator has been accepted for participation in the bond pool.

(b) In addition to the initial payments to the bond pool under subsection (a), an operator electing to participate in the bond pool must furnish a bond in an amount adequate to ensure phase I reclamation, except as provided in subsection (c).

(c) The director may accept:

(d) Subject to subsection (e), fees and payments under this chapter are:

(e) The entrance fee required under subsection (a) is refundable if the application is rejected.

(f) Bond pool participants may post incremental bonds under IC 14-34-6-1.  The bonds may be posted in increments according to a schedule contained in the approved permit application.