T he board may accept the following forms of financial assurance:

1. (1) Surety bonds;
2. (2) Certificates of deposit;
3. (3) Irrevocable letters of credit;
4. (4) Cash; and

5. (5) Government securities.

   The board may not accept as financial assurance any type of self-bond agreement or corporate guarantee.

Source: 52 SDR 24, effective September 10, 2025 .

General Authority: SDCL 45-6B-81 .

Law Implemented: SDCL 45-6B-20 , 45-6B-20.1 , 45-6B-21 , 45-6B-22 , 45-6B-23 .