Idaho State Statutes - Idaho Attorney Directory

(a) The surety bond required by this
act to be given by a permittee for dredge or other placer mining purposes
under permit shall be exonerated and discharged upon the completion or
termination of such mining operation as specified in the permit granted
therefor and upon full compliance with the requirements of this act and the
rules and regulations of said board of land commissioners made for the
administration thereof.
(b) That in event the holder of any permit issued under this act fails to
comply with the requirements of this act and the rules and regulations of the
Idaho board of land commissioners for the administration hereof, then the
applicable bond of such permittee shall be forfeited to the state of Idaho in
such amount and to such extent as the state board of land commissioners shall
estimate and determine will be necessary to pay all cost and expense of
restoring the lands and beds of streams damaged by dredge or other placer
mining of said defaulting permittee and covered by such bond and remaining
unrestored, and such forfeited funds are to be deposited in the dredge and
placer mining account, which is hereby created in the dedicated fund of the
state treasury. All moneys deposited in the dredge and placer mining account
pursuant to this section or other provisions of this chapter shall be utilized
by the state board of land commissioners for the restoration of lands and
watercourses damaged by placer or dredge mining operations.
(c) No forfeiture of bond of a permittee shall be made until after
procedures have been followed as provided in sections 47-1318 and 47-1320,
Idaho Code, and the complaint is issued and findings of facts and rulings of
law in support of the order of forfeiture, if any, have been made and the time
for appeal has expired.

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