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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) If the department requires that financial assurance be provided as a condition for a permit under s. 30.19, 30.195, or 30.20 or for a contract under s. 30.20 for nonmetallic mining and reclamation, the financial assurance may be a bond or alternative financial assurance. An alternative financial assurance may include cash or any of the following:
(a) A certificate of deposit.
(b) An irrevocable letter of credit.
(c) An irrevocable trust.
(d) An escrow account.
(e) A government security.
(f) Any other demonstration of financial responsibility.
(2) Any interest earned by the financial assurance shall be paid to the person operating the nonmetallic mining or reclamation project.
Cite this article: FindLaw.com - Wisconsin Statutes Public Lands, Waters and Natural Resources (Ch. 23 to 33) § 30.201. Financial assurance for nonmetallic mining - last updated January 01, 2025 | https://codes.findlaw.com/wi/public-lands-waters-and-natural-resources-ch-23-to-33/wi-st-30-201/
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 before relying on it for your legal needs.
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