The department may shall require a bond payable to the State with |
sureties satisfactory to the department or such other security as |
the department may determine adequately secures compliance with |
this article, conditioned upon the faithful performance of the |
requirements set forth in this article. Other security may |
include a security deposit with the State, an escrow account and |
agreement, insurance or an irrevocable trust. In determining the |
amount of the bond or the security, the department shall take |
into consideration the character and nature of the overburden, |
the future suitable use of the land involved and the cost of |
grading and reclamation required. All proceeds of forfeited |
bonds or other security must be expended by the department for |
the reclamation of the area for which the bond was posted and any |
remainder returned to the operator. |