New Mexico Administrative Code
Title 19 - NATURAL RESOURCES AND WILDLIFE
Chapter 10 - NON-COAL MINING
Part 12 - FINANCIAL ASSURANCE REQUIREMENTS
Section 19.10.12.1209 - REPLACEMENT OF FINANCIAL ASSURANCE
Universal Citation: 19 NM Admin Code 19.10.12.1209
Current through Register Vol. 35, No. 6, March 26, 2024
A. The director may allow a permittee to replace existing financial assurance with other approved financial assurance mechanisms that provide equivalent coverage.
B. The director shall not release existing financial assurance until the permittee has submitted, and the director has approved, acceptable replacement financial assurance. Replacement of financial assurance pursuant to 19.10.12.1209 NMAC shall not constitute a release of the financial assurance under 19.10.12.1210 NMAC.
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