Ch. 531

LAWS OF MARYLAND

SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of
Maryland read as follows:

Article - Natural Resources

7-507. 1.

(D) ON THE BASIS OF THE APPROVED MONTHLY REPORTS OF COAL
PRODUCED THAT ARE SUBMITTED UNDER § 1-501 OF THIS SUBTITLE, THE
DEPARTMENT SHALL ASSESS A 2 CENT BOND SUPPLEMENT RESERVE
SURCHARGE FOR EACH TON OF COAL REMOVED BY THE OPEN-PIT OR STRIP
METHOD, WHICH AMOUNT SHALL BE DEPOSITED TO THE CREDIT OF THE
BITUMINOUS COAL OPEN-PIT MINING RECLAMATION FUND AND ADMINISTERED
IN ACCORDANCE WITH §§ 7-514, 7-514.1 AND 7-514.2 OF THIS

SUBTITLE.

7-514.2.

(B) THE SECRETARY SHALL DEPOSIT TO THE CREDIT OF THE BOND
SUPPLEMENT RESERVE THE FOLLOWING FUNDS:                                         

(1) A PORTION OF THE ASSESSMENT UNDER § 7-507.1(B1(1)
OF THIS SUBTITLE EQUAL TO 1 CENTS FOR EACH TON OF COAL PRODUCED
FOR THE MONTH;                                                                                                   

(2) THE AMOUNT OF THE ASSESSMENT UNDER §
7-507. 1(B)(2) OF THIS SUBTITLE; AND-------------------------------

(3) THE AMOUNT OF THE ASSESSMENT UNDER § 1-507.1(D)
OF THIS SUBTITLE.                                                                                                                    

(C) WHEN THE AMOUNT OF MONEY IN THE BOND SUPPLEMENT RESERVE
EQUALS OR EXCEEDS $100,000 AT THE END OF THE MONTH, DEPOSITS INTO
THE RESERVE OF THE AMOUNTS PROVIDED IN SUBSECTION (B)(1) AND (2)
OF THIS SECTION SHALL END TEMPORARILY.

(D) THE ASSESSMENT UNDER § 7-507.1(D) OF THIS SUBTITLE
SHALL END TEMPORARILY FOR ANY MONTH WHEN: -----------------

(1) THE AMOUNT OF MONEY IN THE BOND SUPPLEMENT
RESERVE EQUALS OR EXCEEDS $300,000 AT THE END OF THE MONTH;

(2) AN AMOUNT EQUAL TO THE AMOUNT PAID TO THE BOND
SUPPLEMENT RESERVE UNDER SUBSECTION (B)(1) OF THIS SECTION FROM
THE ASSESSMENT UNDER § 7-501.1(D) HAS BEEN CREDITED TO THE
BITUMINOUS COAL OPEN-PIT MINING RECLAMATION FUND; AND------------

(3) AN AMOUNT EQUAL TO THE AMOUNT PAID TO THE BOND
SUPPLEMENT RESERVE UNDER SUBSECTION (B)(2) OF THIS SECTION FROM

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