§ 78.60.130. Performance bond or other security -- Required
Every operator who engages in the drilling, redrilling, or deepening of any well or core hole shall file with the department a reasonable bond or bonds with good and sufficient surety, or the equivalent thereof, acceptable to the department, conditioned on compliance with the provisions of this chapter and all rules and permit conditions adopted pursuant to this chapter. This performance bond shall be executed in favor of and approved by the department.
In lieu of a bond the operator may file with the department a cash deposit, negotiable securities acceptable to the department, or an assignment of a savings account in a Washington bank on an assignment form prescribed by the department. The department, in its discretion, may accept a single surety or security arrangement covering more than one well or core hole.
[2007 c 338 § 3; 1974 ex.s. c 43 § 13. Formerly RCW 79.76.130.]
Sections: Previous 78.60.060 78.60.070 78.60.080 78.60.090 78.60.100 78.60.110 78.60.120 78.60.130 78.60.140 78.60.150 78.60.160 78.60.170 78.60.180 78.60.190 78.60.200 NextLast modified: April 7, 2009