350.740 Permit issuance.
(1) If an applicant for a permit chooses to post bond in accordance with KRS 350.700
to 350.755 as an alternative to KRS 350.060(11), the permit shall not be issued until <br>the applicant has been accepted as a member of the bond pool, has paid the <br>applicable membership fee, and has submitted a permit-specific bond to cover the <br>area which is the subject of the application.
(2) The cabinet shall not approve a permit transfer pursuant to KRS 350.135 until the
transferee has either become a member of the bond pool based upon the transferee's <br>own qualifications or submitted adequate bond in accordance with KRS <br>350.060(11).
(3) Membership in the bond pool shall not relieve the member of the obligation to
comply with requirements of this chapter and regulations promulgated pursuant <br>thereto, except those provisions relating to the method of posting bond.
Effective: July 13, 1990 <br>History: Amended 1990 Ky. Acts ch. 210, sec. 12, effective July 13, 1990; and ch. 389,
sec. 4, effective July 13, 1990. -- Created 1986 Ky. Acts ch. 137, sec. 9, effective <br>July 15, 1986.
Legislative Research Commission Note (7/13/90) This section was amended by
identical amendments in two 1990 Acts which have been compiled together.
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