25 Pa. Code § 78a.303 - Form, terms and conditions of the bond
(a) The following types of security are
approvable:
(1) A surety bond as provided in
§
78a.304 (relating to terms and
conditions for surety bonds).
(b) A person submitting a bond shall comply
with the Department guidelines establishing minimum criteria for execution and
completion of the bond forms and related documents.
(c) A bond shall be conditioned upon
compliance with the drilling, water supply replacement, restoration and
plugging requirements in the act, this chapter and permit conditions relating
thereto. The bonds are penal in nature and are designed to ensure compliance by
the operator to protect the environment, public health and safety affected by
the oil and gas well.
(d) The person
named in the bond or other security shall be the same as the person named in
the permit.
Notes
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