Ariz. Admin. Code § 11-3-812

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

Section R11-3-812 - Bonding Pool

A. A responsible party may satisfy the financial assurance requirements in the Act and this Chapter by providing the Inspector with a certificate of participation in a reclamation bond pool.

B. The responsible party shall ensure the certificate of participation:

1. Is an indemnity agreement in a sum certain payable to the State of Arizona;

2. Is executed by a surety bond pool organization of which the responsible party is a member; and

3. Is supported by the performance guarantee of a corporation licensed to do business as a surety in Arizona.

Ariz. Admin. Code § R11-3-812

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