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2016 SESSION

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HB 1169 Mineral mining; bonding program, reclamation.

Introduced by: Todd E. Pillion | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Mineral mining; bonding program; reclamation. Grants the Commonwealth a lien on land reclaimed by the Director of the Division of Mines, Minerals and Energy (the Director) for the amount of the increase in the value of former mining land that results from the reclamation of the land. The bill increases the amount of the reclamation bond that a mine operator must pay from a range of between $200 and $1,000 per acre to $3,000 per acre and provides procedures related to the operation of the lien, including procedures for perfection, waiver, recordation, priority, amount determination, and satisfaction. The bill also modifies the existing Minerals Reclamation Fund (the Fund), establishing it as a nonlapsing revolving fund with a minimum size of $2 million. Current law sets the Fund's floor at $250,000 and does not prevent moneys in the Fund from reverting to the general fund at the end of each biennium.


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