N.M. Admin. Code § 18.19.8.16

Current through Register Vol. 35, No. 24, December 23, 2024

Section 18.19.8.16 - SURETY BOND MAY BE REQUIRED

If requested by the DOT or by a municipality, an applicant shall execute and deliver to the DOT or municipality a surety bond, cash equivalent or other security satisfactory to the DOT or municipality in an amount sufficient to cover any damages anticipated to road surfaces, bridges, culverts, structures or appurtenances that may be caused by the proposed movement. The amount of the security shall be determined by the DOT or municipality following an analysis of the proposed move and the roadways and structures along its route.

10/14/92, 9/15/98; 18.19.8.16 NMAC - Rn, 18 NMAC 19.8.10.7, 9/14/00, Adopted by New Mexico Register, Volume XXVII, Issue 03, February 12, 2016, eff. 2/12/2016, Amended by New Mexico Register, Volume XXXIII, Issue 10, May 24, 2022, eff. 6/1/2022