In determining whether the surety of an operator shall be guaranteed by a corporate surety bond and in determining the form of surety to be provided by the operator if other than a bond, the Board of Minerals and Environment shall consider, with respect to the operator, such factors as the operator's financial status, assets within the state, past performance on contractual agreements, and facilities available to carry out the planned work. The operator shall supply evidence of financial responsibility for all surety other than a bond.
S.D. Codified Laws § 45-6B-22
Surety bond--Surety other than bond--Considerations by board
Known as the South Dakota Mined Land Reclamation Act
The act spans §§ 45–45 (109 sections).
Source: SL 1982, ch 305, § 22; SL 2011, ch 165, § 200.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.