25 Pa. Code § 86.166 - Replacement of bonds
(a) The
Department may allow permittees to replace existing surety or collateral bonds
with other surety or collateral bonds, if the liability which as accrued
against the permittee on the permit area is transferred to the replacement
bonds and the replacement bonds are equivalent.
(b) The Department will not release existing
bonds until the permittee has submitted and the Department has approved
acceptable replacement bonds. A replacement of bonds pursuant to this section
does not constitute a release of bond under §§
86.170-86.172 (relating to scope;
procedures for seeking release of bond; and criteria for release of
bond).
(c) The Department will not
allow permittees to replace existing surety or collateral bonds with phased
deposits of collateral bonds unless the first payment is equal to the bond
being replaced and meets the requirements of §
86.161 (relating to phased
deposits of collateral).
Notes
This section cited in 25 Pa. Code § 86.155 (relating to scope).
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.