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III IIIIIIIIIIIII III Doc Date:12/11/2001~ <br />PART 806 - FORM, CONDITIONS, AND TERMS OF PERFORMANCE BONDS AND <br />LIABILITY INSURANCE <br />Scope of the Section. <br />Part 806 establishes the minimum standards for the Secretary's <br />approval of regulatory program provisions for the form of the bond <br />for surface coal mining and reclamation operations, and the terms <br />and conditions applicable to bonds and liability insurance. <br />Kerr Coal will submit the required performance bond in the Eorm of <br />either a surety bond, a collateral bond or a self bond. Kerr Coal <br />is unable to identify the form of bond which it will submit prior <br />to notification from the regulatory authority of the required <br />amount of the bond. Once the amount of the bond has been deter- <br />mined, Kerr Coal will determine whether it will file a performance <br />bond for the entire permit area or an incremental bond schedule and <br />. a performance bond for the first increment in the schedule. <br />In any event, the performance bond shall be payable to the appro- <br />priate regulatory authority and shall be conditioned upon the <br />faithful performance of all the requirements of the Act, the regu- <br />lations at 30 CFR Section 700.1, et, seq., the Regulatory Program, <br />and the conditions of the permit. Kerr Coal has included as Exhib- <br />it 40, Certificate of Insurance, a certificate concerning public <br />liability insurance consistent with the requirements of 30 CFR <br />Section 806.14. <br />• <br />806-1 <br />