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Current as of January 01, 2025 | Updated by Findlaw Staff
In the event of forfeiture of a performance bond, in whole or in part, the Director shall deposit the proceeds in the state treasury in a special fund to be used by the Director to complete the reclamation plan and other regulatory requirements pertaining to the operation for which the forfeited bond had been posted. The Director may use the resources and facilities of the Division or enter into contracts for performance of such reclamation with any person, any soil conservation district, or any agency of the state or federal government. After completion of the reclamation and payment of all costs and administrative expenses associated with the completion of reclamation, any additional funds from the forfeiture of the bond shall be returned.
Cite this article: FindLaw.com - Virginia Code Title 45.2. Mines, Minerals, and Energy § 45.2-1024. Performance of reclamation operations by Director - last updated January 01, 2025 | https://codes.findlaw.com/va/title-45-2-mines-minerals-and-energy/va-code-sect-45-2-1024/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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