Montana mining operators are affected by new legislation. The new law, which is named, HB 533, authorizes the Board of Land Commissioners to decide whether or not a surety bond will be required of mining operators to guarantee the payment of royalties to the Board. The previous law always required the surety bond.
Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.