Rulemaking Package #5, Public Resources Code (PRC) §2773.4(e)(3), Financial Assurance Mechanisms (FAMs)- Bond Forms
The State Mining and Geology Board proposes to amend its existing Financial Assurance Mechanism -Surety Bond Forms. The revisions to the forms are necessary in order to enact the revisions to PRC sections 2773.1 and 2773.4, as amended by Assembly Bill 1142, signed into law on April 18th, 2016, by Governor Brown. The public comment period for the revised forms ran for 45-days, from September 15 – October 30, 2017. See the notice & initial statement of reasons and suggested revised surety bond forms below.