Idaho Administrative Code
Title IDAPA 20 - Lands, Department of
Rule 20.03.05 - RIVERBED MINERAL LEASING IN IDAHO
Section 20.03.05.040 - BOND
Current through August 31, 2023
01. Minimum Bond. Concurrent with the execution of the lease by the lessee, lessee must furnish to the Director a good and sufficient bond or undertaking on a Department form in the amount of five thousand dollars ($5,000) for commercial operations and one thousand dollars ($1,000) for all other operations, in favor of the state of Idaho, conditioned on the payment of all damages to the land and all improvements thereon which result from the lessee's operation and conditioned on complying with statute, these rules and the lease terms. This bond is in addition to the bonds required by the Idaho Dredge and Placer Mining Protection Act (Title 47, Chapter 13, Idaho Code). (3-18-22)
02. Statewide Bond. In lieu of the above bond, the lessee may furnish a good and sufficient "statewide" bond conditioned as above in the amount of fifty thousand dollars ($50,000) in favor of the state of Idaho, to cover all lessee's leases and operations carried on under statute and these rules. (3-18-22)
03. Motorized Exploration. Motorized exploration on a site under location is subject to a minimum bond in the amount of seven hundred fifty dollars ($750). A larger bond not exceeding seven hundred fifty dollars ($750) per acre may be required by the Department depending on the size and scope of the operation. (3-18-22)
