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Home » US Law » 2022 Arizona Revised Statutes » Title 27 - Minerals, Oil and Gas » Article 5 - Financial Assurance » § 27-997 – Rules; release, forfeiture or exercise of financial assurance

27-997. Rules; release, forfeiture or exercise of financial assurance

A. The state mine inspector shall adopt rules for reviewing and acting on:

1. Applications to release all or part of the financial assurance under this article.

2. Forfeiture or exercise of the financial assurance on failure to implement a reclamation plan as required by this article.

B. The rules shall provide for written notice to all principals and sureties on the financial assurance and an opportunity for a hearing.