- (a) The Department may allow a permittee to replace existing bonds with other bonds that provide equivalent coverage.
- (b) The Department shall not release existing performance bonds until the permittee has submitted, and the Department has approved, acceptable replacement performance bonds. Re-placement of a performance bond pursuant to this Section shall not constitute a release of bond under Section 460:30-4-15 of this Chapter.
Added at 28 Ok Reg 2371, eff 9-11-11