ARSD 74:29:12:12 – Board refusal to accept financial assurance.

The board may refuse to accept any form of financial assurance if:

(1) The value of the financial assurance is dependent upon the success, profitability, or continued operation of the mine; or
(2) The board determines that the financial assurance offered cannot be reasonably converted to cash within one hundred eighty days of forfeiture.

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-55 , 45-6B-91 .