NAC519A.610. Release of deposit and unused premium.

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The Administrator or a person designated by the Administrator will request the State Treasurer to release the deposit of a participant and any unused premium paid by him or her, less any outstanding penalties or premiums, within 5 business days after receipt of written notification from the responsible regulatory authority that the participant:

1. Has satisfied the requirement to reclaim land disturbed by a mining operation or exploration project and the bond may be released; or

2. Has obtained a surety which replaces the bond coverage of the participant by the bond pool.

(Added to NAC by Dep’t of Minerals, eff. 10-9-90; A by Div. of Minerals, 11-14-97)

                    
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