There is a new Oklahoma state law regarding reclamation bonds. Introduced on 02/04/2008, SB 1697 produces a new permit requirement for mining projects where the mining site is limited to two acres or less. SB 1697 requires a reclamation bond to be posted in the amount of $3,500 as a condition of acquiring the permit. The new law was active upon enactment.
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.