Arizona Administrative Code
Title 12 - NATURAL RESOURCES
Chapter 5 - STATE LAND DEPARTMENT
Article 25 - CLASSIFYING TRUST LANDS AS SUITABLE FOR CONSERVATION PURPOSES
Section R12-5-2503 - Bond
Current through Register Vol. 30, No. 52, December 27, 2024
A. Under A.R.S. § 37-312(D), a petitioner shall submit a bond in an initial amount of $1,000 with a petition to nominate trust land suitable for conservation purposes. The bond shall be a surety bond or a cashier's check. The State Land Commissioner may require an additional bond amount under A.R.S. § 37-312 if the processing costs of the petition are estimated to exceed the initial bond amount based on the following factors:
B. Upon reclassification of all or a portion of the land as suitable for conservation purposes, the successful petitioner shall forfeit the initial and any additional bond amounts to the state under A.R.S. § 37-312(D).