<html> <head> <title>Rule 74:07:01:14 Procedure to disburse financial assurance funds.</title> <META NAME="Keywords" Content="Administrative Rules 74:07:01:14"> <META NAME="Description" Content="Administrative Rules 74:07:01:14 Procedure to disburse financial assurance funds."> <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>74:07:01:14.&nbsp;&nbsp;Procedure to disburse financial assurance funds.</b> The board shall conduct a hearing, which may be held by telephone conference call, to authorize disbursement of financial assurance funds to cleanup an impact or mitigate a pending impact. Notice of the hearing shall be given to the owner or operator if the owner or operator can be located after a reasonable attempt by the department. The board shall conduct the hearing in accordance with applicable provisions of SDCL chapter <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=1-26">1-26.</A> The board may require the owner or operator to replace any expended financial assurance funds.</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-10-2.1">34A-10-2.1</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=34A-10-2.3">34A-10-2.3</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=34A-10-2.4">34A-10-2.4.</A></font></p> </div> </body> </html>