Mine Land Reclamation Bond System Research

Land rehabilitation bonding fund system, following the principle of those whodestroys, who rehabilitates, becomes the core effective institution, since itsuccessfully overcome the shortcomings of commanding control policy by adoptingeconomic stimulus as policy tools to internalize the cost of rehabilitation. There are somany defects on the present land rehabilitation management in mine area, whichformulated in the planned economy era, marked by The Regulations on LandRehabilitation, is not suitable market economy conditions, The main defect of landrehabilitation of mine area can be described as scarcity of effective internalizationchannels for land rehabilitation cost. Recently, some local governments grope forsetting up the land Rehabilitation bond fund system, which still needs to be furthersupported both in the field of practice and research . The study of Land rehabilitationbonding fund system is so rare in China that it only takes the form of reports onregulations and its enforcement. Therefore, it is necessary to carry out acomprehensive and intensive study about it, which explains the reason why the papertargets this thesis. This paper explains the connotation of the land Rehabilitation bondfund system, points out that the system is the effective way to internalize the cost ofrehabilitation by discussing the theory of exterior economy, suggests economicstimulus as better policy tools by comparison with other management tools,introduces the successful foreign experiences and alleges that we should set upRehabilitation institution based on the Land rehabilitation bonding fund system. Thepaper analyzes Rehabilitation institution further by studying The Regulations on LandRehabilitation and introducing the case in Jiangsu province to point out the problemsand disadvantages of the institution. Finally the paper brings forward the legislationbasis and principles of the institution.