2011 Oregon Revised Statutes
ORS Volume 12, Chapters 471 - 535
ORS Chapter 517
517.950 Bond or security deposit for nonaggregate mineral operating permit.

(1) Notwithstanding ORS 517.810, for the purposes of ORS 517.905 to 517.951 the bond or security deposit required shall not exceed $10,000 per acre of land to be surface mined under the terms of the operating permit.

(2) The State Department of Geology and Mineral Industries may increase the amount of the bond or security required under subsection (1) of this section to an amount not to exceed the lower of actual cost of reclamation or $100,000 per acre of land to be mined under the terms of the operating permit if the operating permit applies to extraction, processing or beneficiation techniques the result of which:

(a) Will increase the concentration of naturally occurring hazardous or toxic metals and minerals identified by the governing board of the State Department of Geology and Mineral Industries under ORS 517.840 to a significantly higher level than that occurring naturally within the permitted site; and

(b) Is reasonably likely to present a threat to public health, safety or the environment.

(3) The increased bond or security deposit under subsection (2) of this section may be required only when the department determines that a threat to surface or subsurface waters is reasonably likely to exist as a result of the permitted activity. [1981 c.622 10; 1985 c.292 15; 1989 c.461 3; 1995 c.79 298; 2007 c.318 24]