Skip to main content
Find a Lawyer

Arizona Revised Statutes Title 27. Minerals, Oil and Gas § 27-991. Financial assurance requirements;  form

Current as of March 08, 2022 | Updated by FindLaw Staff

A. Beginning April 1, 1997, as required by this chapter, owners and operators of exploration operations and mining units who create surface disturbances shall provide financial assurance mechanisms to the inspector as provided by this article.

B. Allowable financial assurance mechanisms for purposes of this article include any or a combination of the following:

1. Surety bond.

2. Certificate of deposit.

3. Trust fund with pay-in period.

4. Letter of credit.

5. Insurance policy.

6. Certificate of self-insurance.

7. Cash deposit with the state treasurer.

8. Evidence of ability to meet a corporate financial test or corporate guarantees as provided by 40 Code of Federal Regulations § 264.143(f).

9. Annuities.

10. Additional financial assurance mechanisms that are acceptable to the inspector.

Back to chapter list
Previous part of code Next part of code
Back to chapter list

Cite this article: FindLaw.com - Arizona Revised Statutes Title 27. Minerals, Oil and Gas § 27-991. Financial assurance requirements;  form - last updated March 08, 2022 | https://codes.findlaw.com/az/title-27-minerals-oil-and-gas/az-rev-st-sect-27-991/

Read this complete Arizona Revised Statutes Title 27. Minerals, Oil and Gas § 27-991. Financial assurance requirements;  form on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Was this helpful?

Search all Arizona Codes

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About the Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to find an attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

    More Options
    Copied to clipboard