The commission shall determine the amount of a penalty bond subject to the following:

1. (1) A bond may not be less than:

   1. (A) five thousand dollars ($5,000); or

   2. (B) one thousand dollars ($1,000) per acre;

      whichever is larger.

2. (2) The total bond may not be greater than five thousand dollars ($5,000) per acre.

   [Pre-1995 Recodification Citation: 13-4-6-5(f) part.]

As added by P.L.1-1995, SEC.29.