Bill > SF1818

This bill modifies the financial assurance requirements for nonferrous permit to mine in Minnesota. It amends the existing law to require operators of nonferrous mining operations to submit a cash bond or cash deposit sufficient to cover the costs of reclamation activities, including closure and post-closure maintenance, as well as corrective actions for any noncompliance with design and operating criteria in the permit to mine. The commissioner is also required to annually review the amount of financial assurance to ensure it remains sufficient.