4 Va. Admin. Code § 25-31-270

Current through Register Vol. 41, No. 8, December 2, 2024

Section 4VAC25-31-270 - Replacement of bonds

A. The division may allow a permittee to replace existing bonds with other bonds that provide equivalent coverage.

B. The division shall not release existing performance bonds until the permittee has submitted and the division has approved acceptable replacement performance bonds. Replacement of a performance bond pursuant to this section shall not constitute a release of bond.

4 Va. Admin. Code § 25-31-270

Derived from Virginia Register Volume 19, Issue 24, eff. September 11, 2003.

Statutory Authority

§§ 45.1-161.3 and 45.1-180.3 of the Code of Virginia.