Section NR 130.105 - Application for an exploration license(1) No explorer may engage in exploration without securing an exploration license.(2) Any explorer intending to engage in exploration shall file an application for an exploration license with the department upon forms prepared and furnished by the department. The application shall be accompanied by all of the following: (b) An original, signed surety bond payable to the department in the amount of $5,000 conditioned on faithful performance of the provisions of this subchapter. The bond under this paragraph is subject to all of the following conditions:1. The bond shall be issued by a surety company licensed to do business in Wisconsin. If the surety company's license to do business is revoked or suspended, the explorer, within 30 days after receiving written notice thereof from the department, shall substitute surety underwritten by a surety company licensed to do business in Wisconsin. Upon failure of the explorer to make a substitution of surety, the department shall suspend the explorer's exploration license until substitution has been made.2. Each bond shall provide that the bond shall not be canceled by the surety, except after not less than 90 days' notice to the department in writing by registered or certified mail. Not less than 30 days prior to the expiration of the 90-day notice of cancellation, the explorer shall deliver to the department a replacement bond in the absence of which all exploration shall cease.3. The department may require that the amount of the bond be increased at any time, if the department determines that the explorer's current level of activity makes it likely that the bond would be inadequate to fund the termination of all holes drilled for which the explorer is responsible.4. One year after all drilling sites constructed by the explorer have been issued a certificate of completion under s. NR 130.111(4), and upon request by the explorer, the department shall release the bond and terminate the exploration license if the department determines that the explorer has complied with all provisions of this subchapter.Wis. Admin. Code Department of Natural Resources NR 130.105
Adopted by, CR 20-043: cr. Register December 2021 No. 792, eff. 1/1/2022