<html> <head> <title>Rule 74:07:01:02 Financial assurance -- Applicability.</title> <META NAME="Keywords" Content="Administrative Rules 74:07:01:02"> <META NAME="Description" Content="Administrative Rules 74:07:01:02 Financial assurance -- Applicability."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>74:07:01:02.&nbsp;&nbsp;Financial assurance -- Applicability.</b> In the discretion of the board pursuant to SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=34A-10-2.1">34A-10-2.1</A>, the board may require, as a condition of a permit, that the owner or operator of a proposed or existing facility which produces, stores, or disposes of wastewater or associated solids to post financial assurance to contain, mitigate, and remediate any impact provided the board finds that such financial assurance is necessary:</font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)&nbsp;&nbsp;To meet the public interest requirement of SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=46-2A-9">46-2A-9</A> for approval of a permit or right to appropriate water; or</font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2)&nbsp;&nbsp;As a condition of a water quality variance permit, ground water discharge facility construction permit, or ground water discharge permit to ensure that beneficial uses are not impaired and that no hazard is posed to human health in accordance with §&nbsp;74:54:02:09.</font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assurance required under this chapter shall be in effect and on file with the department before any construction or operation authorized by the permit. If the activity being permitted preexists approval of the permit, the financial assurance shall be posted within 120 days of the date of the permit approval. Financial assurance required as a condition of amending, renewing, or extending an existing permit shall be posted within 120 days of the date of board approval.</font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 24 SDR 90, effective January 4, 1998.</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=34A-2-28">34A-2-28</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=34A-2-30">34A-2-30</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=34A-10-2.4">34A-10-2.4</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=46-2-5">46-2-5.</A></font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=34A-2-27">34A-2-27</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=34A-10-2.1">34A-10-2.1</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=46-1-2">46-1-2</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=46-1-14">46-1-14</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=46-2A-9">46-2A-9.</A></font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> </div> </body> </html>