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HF2150 (Legislative Session 94 (2025-2026))

Surety bond required for tire collectors.

Related bill: SF2179

AI Generated Summary

Purpose of the Bill

The bill is designed to strengthen regulations concerning tire collectors in Minnesota by mandating additional financial security requirements. It aims to ensure that tire collectors operate responsibly and comply with environmental laws.

Main Provisions

  • Surety Bond Requirement: Tire collectors in Minnesota, who are required to obtain a permit, must now also have a surety bond. This bond serves as a financial guarantee for compliance with legal obligations concerning solid waste management.

  • Bond Amount: The bond must be executed by a surety company authorized in Minnesota and must be at least $150,000.

  • Continuous Coverage: The bond has to be continuous unless canceled by the surety company. If the bond is to be canceled, the surety must provide a 30-day notice to both the tire collector and the commissioner.

  • Benefit to State and Citizens: The bond is designed to protect the citizens of Minnesota. It is conditioned on the tire collector’s adherence to specified sections of Minnesota law and associated rules.

  • Liability Limitation: The surety's liability is limited to either the bond amount or the actual damages, whichever is less. However, this does not cap the total amount of damages a tire collector may be liable for.

Significant Changes to Existing Law

This amendment to the Minnesota Statutes introduces a new requirement for tire collectors to have a surety bond. This is an additional layer of regulation aimed at ensuring better compliance with environmental management practices.

Relevant Terms

surety bond, tire collectors, financial guarantee, environmental compliance, solid waste management, Minnesota Statutes section 115A.902, permit requirements.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 10, 2025HouseFloorActionIntroduction and first reading, referred toEnvironment and Natural Resources Finance and Policy

Citations

 
[
  {
    "analysis": {
      "added": [
        "A new subdivision introducing the surety bond requirement for tire collectors."
      ],
      "removed": [],
      "summary": "This bill adds a requirement for a surety bond to the existing regulations on tire collectors under section 115A.902.",
      "modified": []
    },
    "citation": "115A.902"
  },
  {
    "analysis": {
      "added": [],
      "removed": [],
      "summary": "References the compliance framework for tire collectors, indicating the sections that must be adhered to.",
      "modified": []
    },
    "citation": "115A.90 to 115A.914"
  }
]

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