Form 5600-FM-BMP0407 "Collateral Bond-Mining (Subsidence)" - Pennsylvania

What Is Form 5600-FM-BMP0407?

This is a legal form that was released by the Pennsylvania Department of Environmental Protection - a government authority operating within Pennsylvania. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on January 1, 2014;
  • The latest edition provided by the Pennsylvania Department of Environmental Protection;
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  • Fill out the form in our online filing application.

Download a printable version of Form 5600-FM-BMP0407 by clicking the link below or browse more documents and templates provided by the Pennsylvania Department of Environmental Protection.

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Download Form 5600-FM-BMP0407 "Collateral Bond-Mining (Subsidence)" - Pennsylvania

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5600-FM-BMP0407
Rev. 1/2014
COMMONWEALTH OF PENNSYLVANIA
7C-FA-8.0
DEPARTMENT OF ENVIRONMENTAL PROTECTION
BUREAU OF MINING PROGRAMS
COLLATERAL BOND-MINING
(SUBSIDENCE)
To be completed by Operator:
To be completed by Department of Environmental Protection:
Purpose (check only one):
(1)
Purpose (check only one)
License No.
(a) Original Application for Permit
Permit No.
(b) Additional Bond
(c)
Replacement Bond
Date(s) and Amount(s) of Bond Release:
(d) Transfer of Permit
(2)
Name of Operation Facility:
(3)
Type of Mineral:
Date(s) and Amount(s) of Bond Rollover:
WHEREAS,
("Operator"),
(Name of Mine Operator)
(1)
a Corporation, incorporated under the laws in the State of
, or
(Name of State)
(2)
a(n)
,
(Limited/General Partnership, or Individual)
with its principal place of business at
(Operator Address)
, has filed with the Department of Environmental Protection ("Department") an application for an
underground mining permit (“Permit”) under the Act of April 27, 1966, P.L. 31, as amended, known and referred to herein
as the Bituminous Mine Subsidence and Land Conservation Act (52 P.S. §1406.1 et seq.), in which the Operator proposed
to affect
acres of land in
(Number of Acres)
Township,
County, Commonwealth of Pennsylvania.
NOW THEREFORE, KNOW ALL MEN BY THESE PRESENTS that the Operator is held and firmly bound unto the
Department, in the just and full sum of
Dollars
($
),
to the payment whereof, well and truly to be made, the Operator does hereby bind itself, and its heirs, executors,
administrators, assigns and successors, firmly by these presents:
1.
Condition of the Obligation. If the operator shall faithfully perform and conform to all of the applicable
requirements of the following:
(a)
the Bituminous Mine Subsidence and Land Conservation Act;
(b)
all amendments and additions hereafter made thereto and all statutes enacted as substitutes or
replacements therefor;
(c)
all rules and regulations now or hereafter promulgated thereunder;
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5600-FM-BMP0407
Rev. 1/2014
COMMONWEALTH OF PENNSYLVANIA
7C-FA-8.0
DEPARTMENT OF ENVIRONMENTAL PROTECTION
BUREAU OF MINING PROGRAMS
COLLATERAL BOND-MINING
(SUBSIDENCE)
To be completed by Operator:
To be completed by Department of Environmental Protection:
Purpose (check only one):
(1)
Purpose (check only one)
License No.
(a) Original Application for Permit
Permit No.
(b) Additional Bond
(c)
Replacement Bond
Date(s) and Amount(s) of Bond Release:
(d) Transfer of Permit
(2)
Name of Operation Facility:
(3)
Type of Mineral:
Date(s) and Amount(s) of Bond Rollover:
WHEREAS,
("Operator"),
(Name of Mine Operator)
(1)
a Corporation, incorporated under the laws in the State of
, or
(Name of State)
(2)
a(n)
,
(Limited/General Partnership, or Individual)
with its principal place of business at
(Operator Address)
, has filed with the Department of Environmental Protection ("Department") an application for an
underground mining permit (“Permit”) under the Act of April 27, 1966, P.L. 31, as amended, known and referred to herein
as the Bituminous Mine Subsidence and Land Conservation Act (52 P.S. §1406.1 et seq.), in which the Operator proposed
to affect
acres of land in
(Number of Acres)
Township,
County, Commonwealth of Pennsylvania.
NOW THEREFORE, KNOW ALL MEN BY THESE PRESENTS that the Operator is held and firmly bound unto the
Department, in the just and full sum of
Dollars
($
),
to the payment whereof, well and truly to be made, the Operator does hereby bind itself, and its heirs, executors,
administrators, assigns and successors, firmly by these presents:
1.
Condition of the Obligation. If the operator shall faithfully perform and conform to all of the applicable
requirements of the following:
(a)
the Bituminous Mine Subsidence and Land Conservation Act;
(b)
all amendments and additions hereafter made thereto and all statutes enacted as substitutes or
replacements therefor;
(c)
all rules and regulations now or hereafter promulgated thereunder;
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5600-FM-BMP0407
Rev. 1/2014
(d)
all terms and conditions of the Permit, and all amendments or additions thereto; and
(e)
all Department orders relating to Operator conduct under the Permit.
(the requirements described in (a) through (e), inclusive, immediately above, collectively called the
"Law");
then this obligation shall be null and void, otherwise to be and remain in full force and effect.
2.
Amount and Duration of Bond Liability. Liability upon this bond shall be for the amount specified herein.
Liability upon this bond shall continue for the duration of mining activity at the operation conducted
hereunder and for a period of ten years thereafter, unless released in whole or in part by the Department, in
writing, prior thereto, as provided by the Law. Such amount released shall be a credit upon the total amount
of the bond. It is hereby acknowledged and agreed by and among the parties that the liability upon this bond
is a penal sum, and as such the Commonwealth retains a property interest in such surety guarantee, as
provided by the law.
3.
Description of Collateral. For the purpose of securing this obligation, the Operator hereby deposits the
following collateral in lieu of a surety bond, in accordance with the provisions of the Law:
DESCRIPTION OF COLLATERAL
(a)
Negotiable Government Securities
Name of Issue and Bond No.
Face Value
Market Value
Sub Total
(b)
Bank Certificates of Deposit or Bank Irrevocable Letters of Credit
Bank
Certificate/Letter No.
Amount
Sub Total
(c)
Cash, Certified Check, Cashier's Check, Treasurer's Check
Bank
Check No.
Amount
Sub Total
Total Amount of Collateral (Add (a), (b) and (c) immediately above)
4.
Phased Deposit Bond. If the Department has authorized a Schedule for Deposit of Collateral (attached to
this bond) for deposit of the collateral required to secure this bond obligation, the Operator agrees to make
such deposits in strict conformity with such schedule as a supplement to such amounts already deposited
with the Department.
Failure to promptly deposit collateral in accordance with the schedule shall
immediately result in the acceleration of the obligation to deposit the full remaining amount of collateral and
such other penalties as may be imposed by the Department.
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5600-FM-BMP0407
Rev. 1/2014
5.
Handling of Collateral by Commonwealth.
The Secretary of the Department shall, upon receipt of
deposits of collateral, immediately place the same with the State Treasurer of the Commonwealth of
Pennsylvania, who shall receive and hold the same in the name of the Commonwealth for the purposes for
which such deposits are made and in accordance with the terms of this bond. Where negotiable securities
deposited mature or are called, the State Treasurer, at the request of the Operator, may convert such
securities into other securities designated by the Operator and acceptable for deposit under the Law. The
Operator hereby nominates, constitutes and appoints the State Treasurer, its Attorney In Fact, for the
purpose of endorsing and negotiating said securities or any part thereof and for the purpose of converting
the collateral as aforesaid.
6.
Default. Upon the happening of any default of the provisions, conditions and obligations assumed under this
bond and the declaration of a forfeiture by the Secretary of the Department, or his designee, the Operator
hereby authorizes and empowers the State Treasurer, its attorney in fact, to liquidate the said collateral and
deposit the proceeds to the account of the Department. Any interest or income accruing to such collateral
shall be deemed property of the Commonwealth after the forfeiture.
7.
Events Not Affecting Bond Liability. The Operator agrees that its liability hereunder shall not be impaired
or affected by (1) any renewal or extension of the time for performance of any of the provisions, conditions or
obligations upon which this bond is based; or (2) any forbearance or delay in declaring this bond forfeit or in
enforcing payment on this bond.
8.
Additional Bond. The Department reserves the right to require additional bonding from the Operator, as
provided by the Law, which shall be a supplement to and augment the bond liability provided herein.
9.
Remedies. Nothing herein shall limit or preclude the Department from seeking any remedy, in addition to the
forfeiture of this bond, which may be authorized or provided by law.
10.
Additional Bond/Replacement Bond/Transfer of Permit/Pre-Existing Mining Liability (check one or
more, if applicable):
(a)
Additional Bond. This bond is submitted pursuant to Mining Permit No.
,
originally issued on
This bond assumes and covers any and all liability and obligations accrued and to be accrued
under the Law from the above permit issuance date until such time as the Department shall
release, in writing, this bond of such liability and obligations. This bond is an additional bond,
supplementing all other bonding posted or to be posted for the Permit.
(b)
Replacement Bond. This bond is submitted pursuant to Mining Permit No.
,
originally issued on
.
This bond assumes and covers any and all liability and obligations accrued and to be accrued
under the Law from the above permit issuance date until such time as the Department shall
release, in writing, this bond of such liability and obligations. This bond replaces the following
existing bonds:
Type of Bond
Surety Bond
Date of
(Surety/
Name of
Type of
No./Collateral
Dollar
Bond
Collateral)
Surety/Bank/Govt. Issuer
Collateral
ID No.
Amount
In consideration of the pledge and deposit of this bond, the Department will release the above-
listed existing bonds of all liability under the Law.
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5600-FM-BMP0407
Rev. 1/2014
(c)
Transfer of Permit. This bond is submitted pursuant to Mining Permit No.
,
to replace the following existing bonds pledged and deposited with the Department by
(Name of former operator)
pursuant to Mining Permit No.
issued on
(Former operator Mining Permit No.)
(date of issuance of former operator Mining Permit)
Type of Bond
Surety Bond
Date of
(Surety/
Name of
Type of
No./Collateral
Dollar
Bond
Collateral)
Surety/Bank/Govt. Issuer
Collateral
ID No.
Amount
This bond assumes and covers any and all liability and obligations accrued on the former
operator's mining permit and to be accrued on the Operator's Mining Permit under the Law from
the date of issuance of the former operator's permit until such time as the Department shall
release, in writing, this bond of such liability and obligations. In consideration of the pledge and
deposit of this bond, the Department will release the above listed existing bonds of all liability
under the law.
(d)
Pre-Existing Mining Liability. This bond assumes and covers any and all liability and obligations
under the Law which accrued on the site prior to the issuance of Mining Permit
No.
at any time, for any reason, and created by anyone, as well as
any and all liability and obligations under the Law to be accrued from the date of issuance of the
Permit until such time as the Department shall release, in writing, such liability and obligations.
11.
Attachments (check one or more, if applicable):
(a)
Assignment of Certificate of Deposit
(b)
Bond Amendment - Change in Permit Acreage
(c)
Schedule for Deposit of Collateral
12.
Headings. The paragraph headings herein are for descriptive purposes only and are intended to have no
legal force or effect.
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5600-FM-BMP0407
Rev. 1/2014
IN WITNESS WHEREOF, the operator hereunto sets its hand and seal, intending to be legally bound hereby, as of the
   
day of
, 20  .
OPERATOR:
(Print Operator Name)
By:
(Signature and Title)
By:
(Signature and Title)
(Seal)
Approved as to legality and form:
Preapproved
6/11/13
Office of Attorney General
Preapproved
5/3/13
Office of General Counsel
Chief/Assistant Counsel - Department of Environmental Protection
Approved for the Department:
Bureau of Office Services
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