Oklahoma SB1510 modifies property restoration requirements and financial assurance instruments for wind energy facilities.
Oklahoma SB1510 introduces new requirements for wind energy facility owners or operators. It mandates the filing of a $100,000 surety bond with the Secretary of State before construction begins. This bond must remain in effect as long as the facility operates. The bonding company must also file a certificate in each relevant county court clerk's office. If damages exceed the bond amount, the owner or operator must either pay the difference immediately or post an additional bond.
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