Authority: IC 14-10-2-4; IC 14-37-3
Affected: IC 14-37
Sec. 8. The division of reclamation shall release a bond submitted pursuant to this rule after:
- (1) each well secured by the bond has been plugged and abandoned and the well site restored under IC 14-37, this article, the terms of the permit, and orders of the division of reclamation;
- (2) each well secured by the bond has been converted to a fresh water well;
- (3) an acceptable substitute bond is filed by the owner or operator;
- (4) each well secured by the bond is transferred under 312 IAC 29-4-10; or
- (5) the owner or operator is not required to post a bond under IC 14-37-6-1(a) or section 1(a) of this rule.
(Natural Resources Commission; 312 IAC 29-12-8; filed Dec 1, 2017, 10:35 a.m.: 20171227-IR-312160230FRA; readopted filed Jan 17, 2023, 1:53 p.m.: 20230215-IR-312220328RFA; errata filed Mar 18, 2026, 9:59 a.m.: 20260325-IR-312260094ACA)