4 Va. Admin. Code § 25-31-270 – Replacement of bonds. | Midpage

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Virginia Administrative Code

§ 270

4 Va. Admin. Code § 25-31-270

Replacement of bonds.

Effective Sep 11, 2003Virginia Register Volume 19, Issue 24§§ 45.1-161.3 and 45.1-180.3 of the Code of Virginia.Department of Energy

A. The division may allow a permittee to replace existing bonds with other bonds that provide equivalent coverage.
B. The division shall not release existing performance bonds until the permittee has submitted and the division has approved acceptable replacement performance bonds. Replacement of a performance bond pursuant to this section shall not constitute a release of bond.

Statutory Authority

§§ 45.1-161.3 and 45.1-180.3 of the Code of Virginia.

Historical Notes

Derived from Virginia Register Volume 19, Issue 24, eff. September 11, 2003.