25 Pa. Code § 78a.303 - Form, terms and conditions of the bond
(a) The following types of security are
approvable:
(1) A surety bond as provided in
§
78a.304 (relating to terms and
conditions for surety bonds).
(2) A
collateral bond as provided in §§
78a.305-78a.308.
(b) A
person submitting a bond shall comply with the Department guidelines
establishing minimum criteria for execution and completion of the bond forms
and related documents.
(c) A bond
shall be conditioned upon compliance with the drilling, water supply
replacement, restoration and plugging requirements in the act, this chapter and
permit conditions relating thereto. The bonds are penal in nature and are
designed to ensure compliance by the operator to protect the environment,
public health and safety affected by the oil and gas well.
(d) The person named in the bond or other
security shall be the same as the person named in the permit.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.