$25,000 West Virginia Reclamation Bond

03/14/2012

SB 258: Reclamation Bonds

This will authorize and provide procedures for the use of hydraulic fracturing and horizontal drilling for the extraction of natural gas through this bill. A $25,000 surety bond per well would be required under this bill. This is to ensure the compliance with all applicable laws and rules relating to the drilling, re-drilling, deepening, casing, stimulating, and the plugging of gas wells. This will also pertain to the plugging of gas wells, abandonment, reclamation of wells, and for the furnishing of such reports required.

Surety Bond for Natural Gas Well Owners in WV

03/13/2012

SB 314: Miscellaneous Bond (Natrual Gas Wells)

Special procedures are created through this bill for building natural gas transportation roads that will aid in the expansion of natural gas drilling in the State. Natural gas well owners must obtain a permit in order to have equipment or materials transported over a natural gas resource transportation road. A performance bond will be accepted to cover the costs of road repairs possibly would be required with this permit.

West Virginia Court Bond for Dangerous Dogs

03/12/2012

HB 3080: Court Bond – Dangerous Dogs

This bill will create procedures for declaring a dog to be dangerous. The owners of the dangerous dogs could dispute the designation in court. A $200 bond will be required in connection with the proceedings.

Mixed Martial Arts Promoters Bond in West Virginia

02/22/2012

HB 2712: License Bond – Mixed Martial Arts Contest Promoters

This bill will re-write existing law pertaining to the State Athletic Commission, which regulates boxing contests. Through this bill their authority will be expanded to cover mixed martial arts contests. Under current regulations boxing promoters are required to be licensed and post a $10,000 surety bond. The Commission determines the bond requirements. The bill will codify the requirements for promoters in the statue instead of the regulations A surety bond no less than $100,000 will have to be posted by boxing and mixed martial arts contest promoters. A larger bond is able to be required by the Commission through regulations.