The director shall prescribe the form of the performance bond. The director may allow for:

1. A. a surety bond;
2. B. a collateral bond;
3. C. a self-bond; or

4. D. a combination of any of these bonding methods.

   [11-29-97; 19.8.14.1402 NMAC - Rn, 19 NMAC 8.2.14.1402, 9-29-2000]