(225 ILCS 720/6.01) (from Ch. 96 1/2, par. 7906.01)
Sec. 6.01.
Requirement of a Bond.
(a) After a mining and reclamation permit application has been approved but
before a permit is issued, the applicant shall file with the Department, on a
form prescribed and furnished by the Department, a performance bond payable to
the People of the State of Illinois, and conditional on the faithful
performance of, and compliance with, all requirements of the permit and this
Act. The bond shall cover that area of land within the permit area on which
the operator will initiate and conduct mining and reclamation operations within
the term of the permit. Such bond shall be signed by the operator as
principal, and by a good and sufficient corporate surety, licensed to do
business in Illinois, as surety.
(b) The Department may accept the bond of the applicant, without
separate surety, when the applicant demonstrates to the Department's
satisfaction the existence of a suitable agent to receive service of process,
a history of financial solvency and continuous operation, and a current
financial soundness sufficient for authorization to self-insure or bond the
required amount.
(Source: P.A. 88-185.)
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