Ariz. Admin. Code § 11-3-803

Current through Register Vol. 30, No. 50, December 13, 2024

Section R11-3-803 - Blanket Financial Assurance

A. A responsible party may offer a single financial assurance mechanism to cover the reclamation costs of two or more aggregate exploration operations or mining units or facilities rather than a separate financial assurance mechanism for each aggregate exploration operation or mining unit or facility.

B. If a single financial assurance mechanism is offered under subsection (A), the responsible party shall ensure the total amount of financial assurance offered equals the total cost to reclaim all aggregate exploration operations or mining units or facilities covered by the single financial assurance mechanism.

C. To cover an additional aggregate exploration operation or mining unit or facility under a single financial assurance mechanism offered under subsection (A), the responsible party shall provide an updated financial assurance mechanism that meets the standard in subsection (B).

Ariz. Admin. Code § R11-3-803

Adopted by final rulemaking at 25 A.A.R. 828, effective 5/11/2019.