1. The commission may allow permittees to replace one form of bond with another, if the liability is transferred to the replacement bonds.

2. Bonds must remain in effect until the commission has approved replacement bonds.

3. Bond replacement is not a release of bond.

History: Effective August 1, 1980; amended effective June 1, 1983; May 1, 1988; January 1, 1993.

General Authority: NDCC 38-14.1-03

Law Implemented: NDCC 38-14.1-16