350.595 Application for inclusion under Abandoned Mine Land Enhancement Program -- Coverage under Kentucky reclamation guaranty fund. (1) An applicant who desires to remine property which is classified as abandoned mine land under KRS 350.560 may apply to the Reclamation Guaranty Fund Commission established in KRS 350.506 for inclusion under the Abandoned Mine Land Enhancement Program. The commission may provide coverage under the Kentucky reclamation guaranty fund established pursuant to KRS 350.503 not to exceed fifty percent (50%) of the bond amount which the cabinet determines under KRS 350.060 is necessary for the abandoned mine land. (2) When the bond required for the abandoned mine land under KRS 350.060 is increased or reduced, or is released in whole or in part, the coverage provided by the bond pool shall be proportionately increased or reduced. (3) In the event of bond forfeiture on the property, moneys from the Kentucky reclamation guaranty fund shall be used to supplement the forfeited bond. Effective: March 22, 2013 History: Amended 2013 Ky. Acts ch. 78, sec. 10, effective March 22, 2013. -- Amended 1988 Ky. Acts ch. 397, sec. 1, effective July 15, 1988. -- Created 1984 Ky. Acts ch. 282, sec. 1, effective July 13, 1984. Legislative Research Commission Note (3/22/2013). References to "bond pool fund" in this statute as it appeared in 2013 Ky. Acts ch. 78, sec. 10, have been changed in codification to "Kentucky reclamation guaranty fund" since the statute establishing the bond pool fund (KRS 350.700) was repealed in that Act and the Kentucky reclamation guaranty fund was established in Section 2 of that Act (KRS 350.503) to replace the bond pool fund. The Reviser of Statutes has made the needed conforming changes in codification under the authority of KRS 7.136(1).
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.