- (a) 11 AAC 82.600 applies to offshore prospecting permits, offshore mining leases, and upland mining leases. If a bond is required, the applicant, permittee, or lessee will be given notice of the requirement and its effective date. At least 30 days will be allowed to provide the bond.
- (b) The director will, in his or her discretion, if a significant change in the scope of operations occurs, or before approving an assignment, alter the amount of the bond.
(c) A bond provided under this section will be released upon the following conditions:
- (1) the expiration or relinquishment of the lease or prospecting permit; and
- (2) the reclamation of the lease area or prospecting permit area as set out and approved in the plan of operations.
(Eff. 5/30/85, Register 94)
Authority: AS 38.05.020, AS 38.05.130, AS 38.05.250, AS 38.05.035, AS 38.05.205