LAC 43:XV.3905. Office of Conservation Responsibilities

A. The office shall prescribe and furnish the form for filing a performance bond. B. The office shall prescribe terms and conditions for performance bonds and insurance by regulations which meet, at a minimum, the requirements of Chapters 41 and 43. C. The office shall determine the amount of the performance bond required for the permit area, including adjustments to the initial amount from time-to-time as land acreages in the permit area are revised, or when other relevant conditions change according to the minimum requirements of §4101.A.1. D. The office may not accept a self-bond in lieu of a surety or collateral bond, unless the permittee meets the requirements of §4305 and any additional requirements in the program. E. The office shall release the permittee from his bond and insurance requirements consistent with Chapter 45. F. The office shall cause all or part of a bond to be forfeited consistent with Chapter 47.