Your Trusted Partner in Personal Injury & Workers' Compensation
Call Now: 904-383-7448Operators of surface mining firms shall be required:
(Ga. L. 1968, p. 9, § 6; Ga. L. 1971, p. 200, § 4; Ga. L. 1976, p. 527, §§ 3, 4; Ga. L. 1985, p. 879, § 1; Ga. L. 1992, p. 1098, § 3; Ga. L. 1996, p. 6, § 12.)
No conflict with 30 U.S.C. § 1259. - Secretary of the Interior has never designated O.C.G.A. § 12-4-75 as inconsistent with 30 U.S.C. § 1259, and, therefore, the statute has not yet been superseded by the Surface Mining Control and Reclamation Act of 1977, 30 U.S.C. § 1201 et seq. Busbee v. Continental Ins. Co., 526 F. Supp. 1243 (N.D. Ga. 1981).
- Detailed examination of the powers of the division reveals that the division is merely the alter ego of the state. Thus, because the State of Georgia, the real party, is not a Georgia citizen for purposes of diversity, a federal district court has no jurisdiction under 28 U.S.C. § 1332(a), such that an action by the Governor on a surety bond cannot be removed from state court. Busbee v. Continental Ins. Co., 526 F. Supp. 1243 (N.D. Ga. 1981).
Cited in Georgia Marble Co. v. Walker, 236 Ga. 545, 224 S.E.2d 394 (1976).
- This section does not give a landowner, whether an operator or operator's lessor, the right to exempt affected land from the reclamation requirement. 1970 Op. Att'y Gen. No. 70-31 (see O.C.G.A. § 12-4-75).
- Coupon bond, issued over the signature of the Secretary of the Treasury of the United States and representing an obligation of the United States, is a government security within the meaning of paragraph (3) of this section. 1970 Op. Att'y Gen. No. 70-18 (see O.C.G.A. § 12-4-75).
- Blanket bond, which is satisfactory to the Surface Mined Land Use Board (now environmental protection division of Department of Natural Resources), adequate to reclaim affected lands and fencing within the limitations of this section is not prohibited by this section. 1970 Op. Att'y Gen. No. 70-18 (see O.C.G.A. § 12-4-75).
Detaching unmatured coupons represents impairment of maturity redemption value of security since, if any coupons are missing, the security will not be redeemed unless accompanied by a remittance in an amount equal to the face value of the missing coupons; any coupons returned prior to maturity date would have to be deducted from the face value before discounting the value of the bond for the purpose of determining bonding coverage. 1970 Op. Att'y Gen. No. 70-18.
- Time certificates, issued by a national bank doing business in Georgia, do not constitute an acceptable alternative under the bonding requirement of paragraph (3) of this section since, as obligations of a banking corporation, the certificates are neither cash nor government securities. 1970 Op. Att'y Gen. No. 70-18 (see O.C.G.A. § 12-4-75).
Cashier's check does not satisfy requirements of this section in that a cashier's check is a primary obligation of the bank upon which the cashier's check is drawn and, as such, it does not fall within the definition of "cash." 1970 Op. Att'y Gen. No. 70-18 (see O.C.G.A. § 12-4-75).
- Should portion of moneys involved be unused at particular reclamation site, following authorization by the director of the division for the expenditure of forfeited bond funds, the remainder of the unused forfeited bond funds should not be allowed to accumulate in a forfeited bond escrow account for the purpose of completing reclamation on another site when bond funds are forfeited and are insufficient to properly complete reclamation; any such unused portions should be deposited into the state treasury. 1976 Op. Att'y Gen. No. 76-98.
- Requirement of posting a surety bond pursuant to O.C.G.A. § 12-4-75 may be met through the use of an irrevocable letter of credit issued by a commercial bank domiciled in this state. 1984 Op. Att'y Gen. No. 84-23.
- 53A Am. Jur. 2d, Mines and Minerals, § 234 et seq.
- 58 C.J.S., Mines and Minerals, §§ 401 et seq., 434 et seq., 456 et seq., 460.
- Validity of statute or ordinance which requires liability or indemnity insurance or bond as condition of license for conducting business or profession, 120 A.L.R. 950.
Right of one who acquires title to, or other interest in, real property to benefit of a license previously issued by the public, permitting use of property for a specified purpose, 131 A.L.R. 1339.
Prohibiting or regulating removal or exploitation of oil and gas, minerals, soil, or other natural products within municipal limits, 10 A.L.R.3d 1226.
No results found for Georgia Code 12-4-75.