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Salt Water Disposal Damage Bond - New Mexico
Salt Water Disposal Damage Bond is a legal document that was released by the New Mexico State Land Office - a government authority operating within New Mexico.
FAQ
Q: What is a Salt Water Disposal Damage Bond?A: A Salt Water Disposal Damage Bond is a form of security deposit required by the state of New Mexico for companies operating salt water disposal wells.
Q: Why is a Salt Water Disposal Damage Bond required?A: The bond is required to ensure that operators of salt water disposal wells have the financial means to clean up and remediate any damage caused by these operations.
Q: Who needs to obtain a Salt Water Disposal Damage Bond?A: Any company or individual operating a salt water disposal well in New Mexico needs to obtain this bond before commencing operations.
Q: How much does a Salt Water Disposal Damage Bond cost?A: The cost of the bond varies depending on the specific circumstances of each operator, but it generally ranges from a few thousand dollars to tens of thousands of dollars.
Q: How long does a Salt Water Disposal Damage Bond need to be maintained?A: The bond must be maintained for as long as the operator continues to operate the salt water disposal well in New Mexico.
Q: What happens if a Salt Water Disposal Damage Bond is not obtained?A: Operating a salt water disposal well without obtaining the required bond is a violation of state regulations and may result in fines, penalties, or the cessation of operations.
Form Details:
- Released on August 25, 2016;
- The latest edition currently provided by the New Mexico State Land Office;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below{class="scroll_to"} or browse more documents and templates provided by the New Mexico State Land Office.
Download Salt Water Disposal Damage Bond - New Mexico
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