- 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.
Historical Note
New Section made by final rulemaking at 25 A.A.R. 828, effective May 11, 2019 (Supp. 19-1).