Bill > SF2535

This bill modifies the financial assurance requirements for nonferrous permit to mine operations in Minnesota. Specifically, it requires operators of nonferrous mining operations to submit a cash bond or cash deposit as financial assurance to cover the costs of reclamation activities, including closure and post-closure maintenance, as well as corrective actions if the mine fails to comply with design and operating criteria in the permit. The bill also requires the commissioner to periodically review the amount of the financial assurance to ensure it equals the outstanding reclamation costs.