N.M. Admin. Code § 19.15.8.8 - GENERAL REQUIREMENTS FOR FINANCIAL ASSURANCE

A. The operator shall file financial assurance documents with the division's Santa Fe office and obtain approvals and releases of financial assurance from that office.

B. Financial assurance documents shall be on forms prescribed by or otherwise acceptable to the division.

C. The division may require proof that the individual signing for an entity on a financial assurance document or an amendment to a financial assurance document has the authority to obligate that entity.

D. Any time an operator changes the corporate surety, financial institution or amount of financial assurance, the operator shall file updated financial assurance documents on forms prescribed by the division. Notwithstanding the foregoing, if an operator makes other changes to its financial assurance documents, the division may require the operator to file updated financial assurance documents on forms prescribed by the division.

Notes

N.M. Admin. Code § 19.15.8.8

19.15.8.8 NMAC - Rp, 19.15.3.101 NMAC, 12/1/08 Amended by New Mexico Register, Volume XXVI, Issue 12, June 30, 2015, eff. 6/30/2015