Michigan Administrative Code
Department - Environmental Quality
Water Resources Division
Dam Safety
Section R. 281.1307 - Performance bonds
Current through Vol. 24-04, March 15, 2024
Rule 7.
(1) As authorized by the provisions of section 31(5) of the act, a permit to construct a new dam or reconstruct a failed dam may require a performance bond. A performance bond may be in the form of any of the following:
(2) The performance bond shall be secured and documentation shall be submitted to the department before the commencement of construction. The bond, instrument, mechanism, or fund or combination of these methods of assurance shall be in the amount equal to a reasonable estimate of the cost, adjusted for inflation, that is required to adequately complete a project or remove a completed or partially completed dam and to provide for complete or partial restoration of a project site. Performance bonds may be required in the following instances if there is a reasonable possibility that the permittee may not complete the project: