Administrative Rules of Montana
Department 17 - ENVIRONMENTAL QUALITY
Chapter 17.24 - RECLAMATION
Subchapter 17.24.11 - Strip and Underground Mine Reclamation Act: Bonding, Insurance, Reporting, and Special Areas
Rule 17.24.1106 - BONDING: TERMS AND CONDITIONS OF BOND
Universal Citation: MT Admin Rules 17.24.1106
Current through Register Vol. 6, March 22, 2024
(1) In addition to the requirements of 82-4-223, MCA, surety bonds must be subject to the following requirements:
(a)
the department may not accept surety bonds from a surety company for any
person, on all permits held by that person, in excess of three times the
company's maximum single obligation as provided in (1) (b);
(b) the department may not accept surety
bonds from a surety company that is not listed in the U.S. department of the
treasury's listing of approved sureties (Circular 570); and
(c) the surety bond must provide a mechanism
for the surety company to give prompt notice to the department and the
permittee of any action alleging bankruptcy or insolvency of the surety or the
permittee, or violation that would result in suspension or revocation of the
license of the surety.
AUTH: 82-4-205, MCA; IMP: 82-4-223, 82-4-232, 82-4-235, MCA
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