- (a) All funds received by the division from forfeiture of bonds, civil administrative penalties, or interest from the bond pooling fund shall be deposited into a special interest-bearing account in the state Treasury designated the Quarry Reclamation Fund. The quarry reclamation fund shall be used by the division for reclamation of abandoned quarries.
- (b) If the forfeiture of a performance bond or bonding pool fund payments exceeds the cost of reclamation for which the liability was charged, any excess amount shall be deposited into the quarry reclamation fund.
- (c) Reclamation projects that are to be financed by the quarry reclamation fund shall be designed by the division.
- (d) The director shall administer and approve all expenditures from the quarry reclamation fund.
- (e) The division shall compile a list of abandoned quarries in the state and rank them in order of need for reclamation.