Bill > SF2179

This bill requires tire collectors in Minnesota to obtain a surety bond of at least $150,000 before receiving or renewing their permit to operate. A surety bond is a financial guarantee that provides protection for the public by ensuring that the tire collector will comply with state regulations related to tire collection. The bond must be issued by a surety company authorized to do business in Minnesota and will be continuous until canceled. If the surety company decides to cancel the bond, they must provide at least 30 days' written notice to both the tire collector and the state commissioner. The bond is designed to protect citizens and ensure the tire collector follows state laws and rules regarding tire collection (specifically sections 115A.90 to 115A.914). While the surety's liability is limited to the bond amount, this does not prevent additional damages from being sought against the tire collector. The bond must be in a form specified by the state commissioner, adding an additional layer of oversight to the tire collection industry.

Agriculture and Natural Resources

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2179&ssn=0&y=2025