<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.sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dP0 { 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.sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0-000000 { color: #0000FF; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0-000001 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC3 { color: black; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sad71dbe5-0ec8-4c03-a997-ec1b7fc1536d000002 { color: black; background: white; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0-000003 { 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="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dP0"><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0">    </span><a href="https://sdlegislature.gov/Rules?Rule=74:29:12:12"><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0-000000">74:29:12:12</span></a><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0-000001">.  Board refusal to accept financial assurance.</span><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0"> </span><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC3">The board may refuse to accept any form of financial assurance if</span><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC3">:</span></p><p dir="ltr" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dP0"><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536d000002"> </span></p><p dir="ltr" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dP0"><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0">    </span><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0">(1)  </span><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC3">The value of the financial assurance is dependent upon the success, profitability, or continued operation of the mine; or</span></p><p dir="ltr" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dP0"><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC3">    (2)  </span><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC3">The board determines that the financial assurance offered cannot be reasonably converted to cash within one hundred eighty days of forfeiture</span><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC3">.</span></p><p dir="ltr" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dP0"><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536d000002"> </span></p><p dir="ltr" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dP0"><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0">    </span><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0-000001">Source:</span><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0"> </span><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0">52 SDR 24, effective September 10, 2025.</span></p><p dir="ltr" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dP0"><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0">    </span><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0-000001">General Authority:</span><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-81"><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0-000003">45-6B-81</span></a><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0">.</span></p><p dir="ltr" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dP0"><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0">    </span><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0-000001">Law Implemented:</span><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-20"><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0-000003">45-6B-20</span></a><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-20.1"><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0-000003">45-6B-20.1</span></a><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-21"><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0-000003">45-6B-21</span></a><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-22"><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0-000003">45-6B-22</span></a><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-55"><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0-000003">45-6B-55</span></a><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=45-6B-91"><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0-000003">45-6B-91</span></a><span class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dC0">.</span></p><p dir="ltr" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536dP0"><span xml:space="preserve" class="sad71dbe5-0ec8-4c03-a997-ec1b7fc1536d000002"> </span></p></div></body></html>