Minnesota SF2179 mandates a $150,000 surety bond for tire collectors before permit issuance or renewal.

Minnesota SF2179 amends state statutes to require tire collectors to file a $150,000 surety bond before a permit is issued or renewed. The bond must be continuous until canceled by the surety, who must provide a 30-day written notice to both the tire collector and the commissioner. The bond serves the benefit of the citizens and conditions the tire collector's compliance with specified sections and rules. The surety's liability is limited to the bond amount or damages due, whichever is less, but does not limit recoverable damages.

Minnesota SF2179 mandates a $150,000 surety bond for tire collectors before permit issuance or renewal.

Minnesota SF2179 amends state statutes to require tire collectors to file a $150,000 surety bond before a permit is issued or renewed. The bond must be continuous until canceled by the surety, who must provide a 30-day written notice to both the tire collector and the commissioner. The bond serves the benefit of the citizens and conditions the tire collector's compliance with specified sections and rules. The surety's liability is limited to the bond amount or damages due, whichever is less, but does not limit recoverable damages.