Bill > HF2150

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 protects the state and its citizens by ensuring that tire collectors will follow state regulations related to tire collection and disposal. The bond must be issued by a surety company authorized to do business in Minnesota and will be continuous until canceled, with the surety required to provide at least 30 days' written notice before cancellation to both the tire collector and the state commissioner. The bond is designed to ensure compliance with state laws and rules governing tire collection (sections 115A.90 to 115A.914), and 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 commissioner will prescribe the specific form of the bond, which aims to provide financial protection and accountability for tire collectors operating in the state.

Agriculture and Natural Resources

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2150&ssn=0&y=2025