Section 312 IAC 29-12-8 - Bond releaseAuthority: IC 14-10-2-4; IC 14-37-3
Affected: IC 14-37
Sec. 8.
The division shall release a bond submitted pursuant to this rule after:
(1) each well secured by the bond has been plugged and abandoned and the well site restored under IC 14-37, this article, the terms of the permit, and orders of the division;(2) each well secured by the bond has been converted to a fresh water well;(3) an acceptable substitute bond is filed by the owner or operator;(4) each well secured by the bond is transferred under 312 IAC 29-4-10; or(5) the owner or operator is not required to post a bond under IC 14-37-6-1(a) or section 1(a) of this rule.Natural Resources Commission; 312 IAC 29-12-8; filed 12/1/2017, 10:35 a.m.: 20171227-IR-312160230FRAReadopted filed 1/17/2023, 1:53 p.m.: 20230215-IR-312220328RFA