2025 Session
Last amended: 1990 session
§ 93.49 — Financial Assurance of Operator
Plain-Language Summary
Mining operators must post a bond or other financial guarantee to ensure mine land is properly reclaimed.
93.49 FINANCIAL ASSURANCE OF OPERATOR.
The commissioner shall require a bond or other security or other financial assurance satisfactory to the commissioner from an operator. The commissioner shall review annually the extent of each operator’s financial assurance under this section.
History:
1969 c 774 s 6; 1973 c 526 s 6; 1985 c 248 s 70; 1990 c 427 s 2
History: History: 1969 c 774 s 6; 1973 c 526 s 6; 1985 c 248 s 70; 1990 c 427 s 2
Practical Notes
The bond protects the state if a mining company fails to clean up and restore the mine site.