N.M. Code R. § 19.8.14.1400 – Proposal for Bond

A. The applicant shall provide a bonding proposal to the director for review and comment following approval of the permit application but prior to permit issuance. The proposal shall include all information required by this part relating to the nature of bond proposed, including a recommendation as to the margin required in Paragraph (1) of Subsection E of 19.8.14.1409 NMAC.
B. The director shall review and accept or reject such proposal within 60 days of receipt of the proposal. Such determination shall be in writing and shall contain the reasons for the director's determination.
[11-29-97; 19.8.14.1400 NMAC - Rn, 19 NMAC 8.2.14.1400, 9-29-2000]