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Indiana Code Title 14. Natural and Cultural Resources § 14-37-6-3

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 3.  Each blanket bond for wells created, modified, or acquired during the duration of a bond that was accepted by the commission before March 11, 1971, must be replaced by a new blanket bond in the amount of thirty thousand dollars ($30,000) before January 2, 2002.  The new replacement bond remains in effect until:

(1) the:

(A) owner or operator plugs and abandons each well covered under the blanket bond in accordance with:

(i) this article;  and

(ii) rules adopted under this article;  and

(B) bond is released by the department;  or

(2) a substitute bond is accepted by the department for each well secured by the blanket bond.

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Cite this article: FindLaw.com - Indiana Code Title 14. Natural and Cultural Resources § 14-37-6-3 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-14-natural-and-cultural-resources/in-code-sect-14-37-6-3/

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