ARSD 74:29:12:03
ARSD 74:29:12:03. Forms of financial assurance
Cite as S.D. Admin. R. 74:29:12:03
The board may accept the following forms of financial assurance:
(1) Surety bonds;
(2) Certificates of deposit;
(3) Irrevocable letters of credit;
(4) Cash; and
(5) Government securities.
The board may not accept as financial assurance any type of self-bond agreement or corporate guarantee.