<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.sd184a218-3714-4d25-b3b3-1828f95ca938P0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.sd184a218-3714-4d25-b3b3-1828f95ca938C0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd184a218-3714-4d25-b3b3-1828f95ca938C0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd184a218-3714-4d25-b3b3-1828f95ca938C0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd184a218-3714-4d25-b3b3-1828f95ca938C3 { color: black; background: white; font-family: Calibri; font-size: 11pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd184a218-3714-4d25-b3b3-1828f95ca938C3-000002 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd184a218-3714-4d25-b3b3-1828f95ca938000003 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd184a218-3714-4d25-b3b3-1828f95ca938C0-000004 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="sd184a218-3714-4d25-b3b3-1828f95ca938P0"><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=74:29:12:03"><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0-000000">74:29:12:03</span></a><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0-000001">.  Forms of financial assurance.</span><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0"> </span><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C3">T</span><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C3-000002">he board may accept the following forms of financial assurance:</span></p><p dir="ltr" class="sd184a218-3714-4d25-b3b3-1828f95ca938P0"><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938000003"> </span></p><p dir="ltr" class="sd184a218-3714-4d25-b3b3-1828f95ca938P0"><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">    </span><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">(1)  Surety bonds;</span></p><p dir="ltr" class="sd184a218-3714-4d25-b3b3-1828f95ca938P0"><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">    (2)  Certificates of deposit;</span></p><p dir="ltr" class="sd184a218-3714-4d25-b3b3-1828f95ca938P0"><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">    (3)  Irrevocable letters of credit;</span></p><p dir="ltr" class="sd184a218-3714-4d25-b3b3-1828f95ca938P0"><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">    (4)  Cash; and</span></p><p dir="ltr" class="sd184a218-3714-4d25-b3b3-1828f95ca938P0"><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">    (5)  Government securities.</span></p><p dir="ltr" class="sd184a218-3714-4d25-b3b3-1828f95ca938P0"><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938000003"> </span></p><p dir="ltr" class="sd184a218-3714-4d25-b3b3-1828f95ca938P0"><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">    </span><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">The board may not accept as financial assurance any type of self-bond agreement or corporate guarantee</span><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">.</span></p><p dir="ltr" class="sd184a218-3714-4d25-b3b3-1828f95ca938P0"><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938000003"> </span></p><p dir="ltr" class="sd184a218-3714-4d25-b3b3-1828f95ca938P0"><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">    </span><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0-000001">Source:</span><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0"> </span><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">52 SDR 24, effective September 10, 2025</span><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">.</span></p><p dir="ltr" class="sd184a218-3714-4d25-b3b3-1828f95ca938P0"><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">    </span><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0-000001">General Authority:</span><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-81"><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0-000004">45-6B-81</span></a><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">.</span></p><p dir="ltr" class="sd184a218-3714-4d25-b3b3-1828f95ca938P0"><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">    </span><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0-000001">Law Implemented:</span><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-20"><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0-000004">45-6B-20</span></a><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-20.1"><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0-000004">45-6B-20.1</span></a><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-21"><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0-000004">45-6B-21</span></a><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-22"><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0-000004">45-6B-22</span></a><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-23"><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0-000004">45-6B-23</span></a><span class="sd184a218-3714-4d25-b3b3-1828f95ca938C0">.</span></p><p dir="ltr" class="sd184a218-3714-4d25-b3b3-1828f95ca938P0"><span xml:space="preserve" class="sd184a218-3714-4d25-b3b3-1828f95ca938000003"> </span></p></div></body></html>