<html> <head> <title>Rule 74:07:01:12 Substitution of financial assurance.</title> <META NAME="Keywords" Content="Administrative Rules 74:07:01:12"> <META NAME="Description" Content="Administrative Rules 74:07:01:12 Substitution of financial assurance."> <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>74:07:01:12.&nbsp;&nbsp;Substitution of financial assurance.</b> If an owner or operator requests substitution of one type of financial assurance for another, the owner or operator shall submit to the board a proposal for alternate financial assurance that meets the requirements of this chapter. The alternate financial assurance must be as secure or more secure than the existing financial assurance as determined by the board. Upon approval and receipt of the alternate financial assurance by the board, the board shall release the existing financial assurance and the board or department shall notify the owner or operator in writing.</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-10-2.4">34A-10-2.4.</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-10-2.2">34A-10-2.2</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=34A-10-2.4">34A-10-2.4.</A></font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> </div> </body> </html>