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Does the new tiered blanket bonding structure apply to new operators?

April 26, 2017Blanket bonding operators structure tiered

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Does the new tiered blanket bonding structure apply to new operators?

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No, the bill establishes a “qualified” operator and a “non-qualified” operator. A “qualified” operator is any operator which has an existing blanket bond in place prior to the effective date of July 15th. A “non-qualified” operator is an operator that does not have an existing blanket bond in place prior to July 15th, 2006.