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• A REVISED SET OF BONDItJG CALCULATIONS ARE ENCLOSED '+JITH THE APPROPRIATE COST CHANGES AS REQUESTED. THE ENTIRE SECTION 4.8 HAS BEEN REPRODUCED AND MAY BE SUBSTITUTED DIRECTLY INTO THE PERMIT FOR THE EXISTING SECTION 4.8. D. Bond Release Considerations at the Time of Permi~• Renewal Rule 3.03 of the regulations sets forth procedures for releasing reclaimed areas from band liability. Eond release is divided into three distinct phases, each depending on the progress of reclamation on a given disturbed area. Under Phase I bond release, the Division can release up to 60% of the total bond amount applicable to a particular area which has been backfilled, graded and for which drainage cor_trol has been provided. Under Phase II bond release, the Division can release up to 85% of the t•ot•al boa3 coverage applicable t•o a particular area which has been backfilled, graded, topsoiled and seeded. Phase I22 bond release occurs after the end of the 10-yaar liability period when the remainder of the bend amount can be released once the permitt•ee has successfully completed all reclamation operations in accordance with the approved plan. It is important to note that release is not automatic; the applica:,t must submit a request for Phase I, II or III bona release t•o the Division in accordance with the procedures specified under Ruse 3.0?.Z. Once a request for relea=_e is • received, the Division will i:apect *_•he area in question to determine whether release is appropriate. P&M IS NOT PREPARED F.T THIS TIME TO MAKE APPLICATIOtJ FOR ANY PHASE OF BOND RELEASE AT THE EDtJA MI^lE. 1. Phase I Bond Release Generally, Phase I bond release requests are not accepted until the end of a five-year permit term as each bend covers the worst case disturbance during each five-year term. Therefore, bond release requests are normally handled during permit renewal when the bond amcurt is being calculated for the ne;:t permit term. The bond release will only apply to certain portions of the five-year permit area. Areas which do not qualify for bond release include long-term facilities =_uch as sediment ponds, diversion ditches, buildings and roads which will receive continued use in accordance with the approved plan. Other areas which do not qualify for release are the active pit, topsoil stockpiles, etc. The monetary amount against which the initial 60% is applied is the total bond amount for the first five-year permit term minus the dollar amount required to reclaim the long-term facilities such as buildings, roads and ponds. This results in the base amount. The portion of the base amount comprising backfilling and grading costs is then determined and used as the figure against which up to 60% can be released. It should be noted that the 60°5 dollar amount is the maximum amount which can be released; if more than 40% of the backfilling and grading costs