(1) If the department requires that financial assurance be provided as a condition for a permit under s. 30.19, 30.195, or 30.20 or for a contract under s. 30.20 for nonmetallic mining and reclamation, the financial assurance may be a bond or alternative financial assurance. An alternative financial assurance may include cash or any of the following: (a) A certificate of deposit. (b) An irrevocable letter of credit. (c) An irrevocable trust. (d) An escrow account. (e) A government security. (f) Any other demonstration of financial responsibility. (2) Any interest earned by the financial assurance shall be paid to the person operating the nonmetallic mining or reclamation project.
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