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Author: Admin | 2025-04-28
Mine operator. The financial assurance must be made payable to the lead agency (Riverside County). The operator is responsible for maintaining the financial assurances throughout the life of the project.Financial assurances are reviewed annually by the lead agency (Riverside County) and if necessary adjusted to reflect changes in 1) cost of reclamation pursuant to the approved reclamation plan; 2) lands reclaimed the previous year to the satisfaction of the lead agency (Riverside County); and 3) land that will be disturbed in the next year.If an approved mining operation is sold or ownership is transferred, the original financial assurance must remain in effect until a new one is in place. The original financial assurance will be released only when the new one has been approved.EXPIRATION OF PERMITOnce the project is approved an expiration date is assigned. Care should be given to this expiration date, as it is easier and less complicated to revise the permit with new expiration dates than to start over from the beginning, as would be the case with an expired permit.QUESTIONSSee Contact Information on the left hand side of this page near the top.
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