South Dakota Codified Laws 34A-10-2.4. Authority to promulgate rules regarding terms and release of security and its disposition upon expiration of permit or license
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The Water Management Board and the Board of Minerals and Environment shall establish, by rules promulgated pursuant to chapter 1-26:
(1) Criteria to determine the amount of security required and other terms as necessary to define the respective obligation of the parties;
Terms Used In South Dakota Codified Laws 34A-10-2.4
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(2) The procedure to follow and the circumstances under which the state or applicant may obtain board approval for the release of the security; and
(3) Conditions under which the security may be held by the state after the expiration of the permit or license.
Source: SL 1989, ch 306, § 71.