Minnesota SF1383 modifies financial assurance requirements for nonferrous mining permits, including financial bonds and insurance policies.

Minnesota SF1383 amends the state's mining permit regulations by modifying financial assurance requirements for nonferrous mining operations. The bill specifies that before issuing or amending a permit, the commissioner must require financial assurance in the form of a cash bond or deposit. This assurance must cover costs related to reclamation activities and corrective actions for noncompliance. Additionally, applicants must submit a reclamation plan, an advertisement of the mining area, and an environmental impairment liability policy.

Minnesota SF1383 modifies financial assurance requirements for nonferrous mining permits, including financial bonds and insurance policies.

Minnesota SF1383 amends the state's mining permit regulations by modifying financial assurance requirements for nonferrous mining operations. The bill specifies that before issuing or amending a permit, the commissioner must require financial assurance in the form of a cash bond or deposit. This assurance must cover costs related to reclamation activities and corrective actions for noncompliance. Additionally, applicants must submit a reclamation plan, an advertisement of the mining area, and an environmental impairment liability policy.