Arizona § 27-1291 - Financial assurance requirements; form
Full text of Arizona Arizona Revised Statutes § 27-1291 — Financial assurance requirements; form, with citation guidance and answers to common questions.
§ 27-1291. Financial assurance requirements; form
A. On or before January 1, 2007, as required by this chapter, owners and operators of exploration operations and aggregate mining units who create surface disturbances shall provide financial assurance mechanisms to the inspector as provided by this article.
B. Allowable financial assurance mechanisms for purposes of this article include any or a combination of the following:
1. Surety bond.
2. Certificate of deposit.
3. Trust fund with pay-in period.
4. Letter of credit.
5. Insurance policy.
6. Certificate of self-insurance.
7. Cash deposit with the state treasurer.
8. Evidence of ability to meet a corporate financial test or corporate guarantees as provided by 40 Code of Federal Regulations section 264.143(f).
9. Annuities.
10. Bonding pools.
11. Additional financial assurance mechanisms that are acceptable to the inspector.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 27-1291
What does Arizona Revised Statutes § 27-1291 cover?
Section 27-1291 ("Financial assurance requirements; form") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 27-1291?
A common citation format is "Arizona Revised Statutes § 27-1291" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 27-1291 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.