Section 519A.570 - Administration by Division; application for participation1. The Division will administer the bond pool.2. A person who wishes to participate in the bond pool must complete an application on a form provided by the Division and submit any relevant information or supporting documents requested by the Division.3. Except as otherwise provided in subsection 5, an application to participate in the bond pool must include a statement by the applicant and documentation that: (a) Indicates whether the applicant has ever forfeited a bond or surety held for the reclamation of mined land and, if so, the location of the operation for which the bond or surety was forfeited and the circumstances of the forfeiture.(b) Lists the location, scale and any other pertinent details of the previous mining or exploration activities of the applicant that required reclamation performance bonding during the preceding 10 years.(c) Shows the structure of the business organization and the financial status of the applicant at the time of application. Except as otherwise provided in subsection 4, the documentation must include:(1) An organizational chart naming any parent company;(2) Current and long-term assets;(3) Current and long-term liabilities;(4) The net worth of the business organization; and(5) Evidence that the financial statements have been reviewed by a certified public accountant and are a fair representation of the financial status of the applicant.4. The Administrator may waive the requirements of subparagraph (5) of paragraph (c) of subsection 3 for an applicant who:(a) Applies for bond coverage of $10,000 or less; and(b) Submits to the Administrator a signed and notarized affidavit stating under penalty of perjury that the information provided by the applicant pursuant to subparagraphs (2), (3) and (4) of paragraph (c) of subsection 3 is true.5. An applicant is not required to comply with the provisions of subsection 3 when applying for a bond for a notice-level project.Nev. Admin. Code § 519A.570
Added to NAC by Dep't of Minerals, eff. 10-9-90; A 9-16-92; A by Div. of Minerals, 11-14-97; A by R044-19A, eff. 12/17/2019