California Code of Regulations
Title 14 - Natural Resources
Division 2 - Department of Conservation
Chapter 8 - Mining and Geology
Subchapter 1 - State Mining and Geology Board
Article 11 - Financial Assurance Mechanisms
Section 3803 - Financial Assurance Mechanisms

Universal Citation: 14 CA Code of Regs 3803

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

Financial Assurance Mechanisms may take the form of any one or a combination of the following:

(a) For non-governmental entity operators:

(1) Surety bonds;

(2) Irrevocable letters of credit; and

(3) Trust funds;

(b) For governmental entity operators:

(1) Surety bonds;

(2) Irrevocable letters of credit;

(3) Trust funds;

(4) Pledges of Revenue; or

(5) Budget Set Aside.

1. New section filed 2-23-94 as an emergency; operative 2-23-94 (Register 94, No. 8). A Certificate of Compliance must be transmitted to OAL by 6-23-94 or emergency language will be repealed by operation of law on the following day.
2. Certificate of Compliance as to 2-23-94 order transmitted to OAL 6-22-94 and filed 8-3-94 (Register 94, No. 31).
3. Amendment of first paragraph and NOTE filed 5-24-2018; operative 7-1-2018 (Register 2018, No. 21).

Note: Authority cited: Sections 2775 and 2773.1, Public Resources Code. Reference: Section 2773.1(e), Public Resources Code.

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