Surety Bond

Section 900 Section 900.711  Surety Bond a)         A lagoon owner may provide evidence of financial responsibility for closure of a livestock waste lagoon by obtaining a surety bond that conforms to the requirements of this Subpart and submitting the bond to the Department. b)         The surety company issuing the bond must be licensed by the Illinois Department of Insurance pursuant to the Illinois Insurance Code [215 ILCS 5] and approved by the U.S. Department of the Treasury as an acceptable surety.  Acceptable sureties are listed in Circular 570 from the U.S. Department of the Treasury. c)         The bond must guarantee that the lagoon owner will provide lagoon closure and content removal in accordance with Section 900.608 of this Part. d)         The surety bond must be in substantially the form specified in Appendix A, Illustration A of this Part.