312 IAC 29-12-8 Bond release

Sec. 8. The division of reclamation 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 of reclamation; (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.