ORS 522.075
Bond or security

  • conditions
  • cancellation

(1)

Intentionally left blank —Ed.

(a)

The State Department of Geology and Mineral Industries may not issue a permit for a prospect well until the applicant has provided a bond or alternative form of financial security as specified in rules adopted by the governing board of the State Department of Geology and Mineral Industries.

(b)

The amount of the bond or alternative form of financial security may not be less than $10,000 for each prospect well or not less than $50,000 for all prospect wells to be drilled.

(2)

The bond or alternative form of financial security must be conditioned upon compliance with the requirements of this chapter and rules adopted and orders issued pursuant to this chapter and must secure the state against all losses, charges and expenses, including court costs and attorney fees, incurred by the state in obtaining such compliance.

(3)

With the consent of the department, any bond or acceptable alternative form of financial security submitted pursuant to this section may be terminated or canceled. However, the department may not consent to the termination or cancellation of any bond or security until each prospect well covered by such bond or security has been properly and safely plugged and decommissioned pursuant to the plan required by the permit or until another bond or security for each well has been submitted and approved by the department. [1975 c.552 §4c; 1977 c.87 §1; 1979 c.163 §2; 1995 c.146 §1; 2009 c.794 §9]

Source: Section 522.075 — Bond or security; conditions; cancellation, https://www.­oregonlegislature.­gov/bills_laws/ors/ors522.­html.

522.005
Definitions
522.015
Policy
522.019
Injection of geothermal fluids
522.025
Application
522.035
Ownership rights
522.045
Decommissioned well
522.055
Permit
522.065
Circulation of application to state agencies
522.075
Bond or security
522.080
Operator liability
522.085
Report certifying completion of decommissioning plan
522.115
Permit
522.125
Circulation of application to state agencies
522.135
Permit
522.145
Bond or security
522.155
Liability for failure to protect ground water and surface water
522.165
Request for permit modification
522.175
Plugging and decommissioning
522.195
Monthly production statement
522.205
Notice by prospective operator of transfer or purchase of well
522.215
Suspension of drilling or operation
522.225
Notice of intent to plug and decommission
522.245
Department approval of plugging and decommissioning
522.255
Resolution of conflicts between geothermal and water uses
522.275
Administration by State Geologist
522.305
Rules
522.315
Final order of department
522.325
Compliance with final order
522.355
Records of well
522.365
Filing record with department
522.405
Unitization
522.415
Unit operation plan
522.425
Provisions in rule or order requiring unit operation
522.435
Rule, order to supersede previous board action
522.445
Condition to effectiveness of unitization plan and unit agreement
522.455
Rehearing on rule or order
522.465
Appointment of unit operator
522.475
Board review of disputes over unit operation
522.485
Amendment of unitization plan
522.495
Presumptions regarding conduct of operation
522.505
Unauthorized operation in unit area prohibited
522.515
When agreement or plan held not to violate state securities or trade law
522.525
Land subject to board authority
522.535
Fees
522.545
Rulemaking authority
522.810
Suits to enjoin violations
522.815
Rules by board
522.910
Aiding in violations prohibited
522.915
False entries, omissions, destruction or removal of records or reports
522.990
Penalties
Green check means up to date. Up to date