NAC445A.871. Bond required.

     1. Except as otherwise provided in subsections 2 and 3, an applicant for a permit for an injection well must provide evidence that he or she has obtained a good and sufficient bond in favor of the State:

     (a) In a sum equal to the estimated cost contained in the plan for the plugging and abandonment of the well, conditioned that the well upon abandonment be plugged pursuant to the plan for plugging and abandonment of the well; or

     (b) Upon approval of the Director, in a sum of not less than $50,000 to cover all injection wells being drilled or to be drilled by the applicant in this State.

     2. An applicant who has deposited a bond with the Federal Government for a well drilled on federal land need not comply with the provisions of this section but must furnish the Director with a copy of that bond.

     3. For Class V wells, other than geothermal injection wells associated with the production of power, the Director, upon receipt of adequate proof of financial responsibility, may waive or reduce the bonding requirements of this section.

     (Added to NAC by Environmental Comm’n, eff. 7-22-87)—(Substituted in revision for NAC 445.4251)