27 CAR § 91-504
27 CAR § 91-504. Standing bond
Length: 125 wordsOfficial source
(a) The Arkansas Department of Transportation encourages utility owners to more effectively carry out the installation, relocation, maintenance, or removal of their utility facilities on department right-of-way or property, including vegetation control, by maintaining a standing bond based on the number of customers served in the State of Arkansas.
(b) The standing bond will be used by the department in restoring the highway right-of-way or property to its former condition if the utility owner fails to do so.
(c) The standing bond must be provided in the name of the utility owner.
(d) The following standing bond amounts shall apply:
Number of Arkansas customers
Standing bond required
Over 250,000
$250,000
100,000 to 249,999
$100,000
50,000 to 99,999
$50,000
10,000 to 49,999
$25,000
Under 10,000
$10,000