|
2354 LAWS OF MARYLAND [Ch. 690
(a) The committee shall establish a revegetation
bond for each open—pit mining operation at the time of
approval of the mining and reclamation plan. The amount
of the bond shall be based on the estimated revegetation
cost for the area affected by the operation. The bond
shall be cash or negotiable securities, or a surety or
performance bond and may not be less than $50 [nor more
than $125 per acre] PER ACRE. The bond shall be
deposited by the operator with the bureau. On receipt of
any deposit, the director immediately shall place it with
the State Treasurer, who shall hold the deposit in the
name of the state, in trust, for the purpose for which
the deposit is made. When the committee approves the
mining and reclamation final report[; ], including the
planting report the State Forester files under the
provisions of § 7—511, the director of the bureau shall
release the bond in accordance with the provisions set
forth in this subtitle. A certificate of deposit is
acceptable instead of a corporate surety if the
certificate of deposit is in an amount equivalent to the
required bond, issued by a bank in the state, and
accompanied by the written agreement of the bank to pay
on demand to the state in the event of forfeiture.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1974.
Approved May 31, 1974.
CHAPTER 691
(Senate Bill 1070)
AN ACT concerning
Courts and Judicial Proceedings Article —
Technical Corrections
FOR the purpose of making technical corrections in the
Courts and Judicial Proceedings Article and other
Acts included in Chapter 2 of the 1st Special
Session of 1973 so that these conform to the Code
Revision Commission's style guidelines, repealing
Acts inadvertently not repealed by Chapter 2 of the
1st Special Session of 1973, bringing these Acts
into conformity with the Maryland Rules, repealing
unnecessary Acts, making clarifications and
corrections in the law of Juvenile Causes on the
recommendation of the Juvenile Services
|
 |
