AN ACT TO AMEND TITLE 29, DELAWARE CODE, CHAPTER 80, BY PROVIDING THAT A BOND IN THE AMOUNT OF $1,000,000 BE POSTED PRIOR TO ANY EXPLORATION, EXPLOITATION, PUMPING OR TRANSFER OF OFF-SHORE MINERALS TO SECURE TO THE STATE DAMAGES AND CLAIMS ARISING THEREFROM.
Be it enacted by the General Assembly of the State of Delaware:
Title 29, Delaware Code, Chapter 80, Section 8003, is hereby amended by adding thereto a new subsection to be designated as Section 8003 (j) and to read as follows:
(J) To require, prior to any exploration or exploitation of off-shore minerals, or any pumping or transfer operation of offshore minerals from a ship to another ship, or from a ship to land, or vice versa, that a bond in the amount of at least $1,000,000 be posted to secure to the State damages and claims arising from the operations thereunder.
Approved June 22, 1970.