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
27 CAR § 91-504: 27 CAR § 91-504. Standing bond | Justis AI