Title 38 — Mining and Gas and Oil Production
35 chapters · 312 sections in this title.
N.D.C.C. § 38-14.3-01 Definitions
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In this chapter: 1. "Bond" means a bond required of a permittee under chapter 38-14.1. 2. "Fund" means the surface coal mining and reclamation bond fund. 3. "Permit" means a surface coal mining and reclamation operation permit approved by the public service commission under chapt…
N.D.C.C. § 38-14.3-02 Surface coal mining and reclamation bond fund - Appropriation
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The industrial commission may establish a surface coal mining and reclamation bond fund to be maintained at the Bank of North Dakota. All moneys collected and received under this chapter are appropriated to the commission for the purposes provided for in this chapter.
N.D.C.C. § 38-14.3-03 Bond coverage available to permittees
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The fund may provide bonds for the faithful performance of all surface coal mining laws, rules, and permit terms and conditions. An application for a bond may be made to the industrial commission, which shall approve or disapprove the application. The decision of the industrial c…
N.D.C.C. § 38-14.3-04 Investment of fund
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Investment of the fund is under the supervision of the Bank of North Dakota.
N.D.C.C. § 38-14.3-05 Commission may employ staff
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The industrial commission may employ staff and enter into public and private contracts as may be necessary to operate the fund. The salaries of employees and other expenditures for the operation of the fund must be paid out of the fund.
N.D.C.C. § 38-14.3-06 Premiums - Amount and to whom paid
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The premium for a bond under this chapter must be set by the industrial commission. Premiums must be paid in advance to the industrial commission and deposited in the fund.
N.D.C.C. § 38-14.3-07 Reinsurance contracts - Revenue bonds - Guarantees
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The industrial commission shall do all things necessary to preserve the fund and ensure the ability of the fund to pay claims. The industrial commission is granted all powers necessary to effectuate the purposes of this chapter, including but not limited to the power to: 1. Contr…
N.D.C.C. § 38-14.3-08 Claims - How paid
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All claims against bonds provided for by this chapter must be paid out of the fund in an amount not exceeding the face amount of the bond.
N.D.C.C. § 38-14.3-09 Industrial commission may adopt rules
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The industrial commission may adopt rules necessary to carry out this chapter.