Section R11-2-810. Cash Deposits

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A. An owner or operator may use a receipt of deposit with the State Treasurer for the estimated costs of reclamation. The receipt of deposit shall show funds are available for reclama- tion costs. The owner or operator shall complete a treasurer’s financial warranty deposit under the State Mine Inspector’s instructions. The deposit shall be in the name of the state of Arizona.

B. The owner or operator may cancel the deposit with the State Treasurer, with notification to the State Mine Inspector, if alternate financial assurance that meets the requirements of the Act and this Chapter is substituted.

Historical Note

Adopted effective January 6, 1997 (Supp. 97-1).

                    
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