R11-3-812. Bonding Pool

A. A responsible party may satisfy the financial assurance requirements in the Act and this Chapter by providing the Inspector with a certificate of participation in a reclamation bond pool. B. The responsible party shall ensure the certificate of participation: 1. Is an indemnity agreement in a sum certain payable to the State of Arizona; 2. Is executed by a surety bond pool organization of which the responsible party is a member; and 3. Is supported by the performance guarantee of a corporation licensed to do business as a surety in Arizona.