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What are the new bond rates for blanket bonds?

April 26, 2017Blanket Bond bonds rates

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What are the new bond rates for blanket bonds?

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The bill establishes a tiered bonding structure for blanket bonds as follows: a) 1 – 25 wells require a $10,000 bond. b) 25 -100 wells require a $25,000 bond. c) 101-500 wells require a $50,000 bond. d) 501 wells or more require a $100,000 bond.