(a) For coal mining operations, in lieu of a bond, the operator or its principal may deposit federally insured certificates of deposit payable to the Wyoming department of environmental quality, or cash, or government securities, or irrevocable letters of credit issued by a bank organized to do business in the United States, or all four (4). (b) For noncoal mining operations that take place on land that is not owned or operated by the United States or a federal agency, in lieu of a bond, the operator or the operator's principal may deposit federally insured certificates of deposit payable to the Wyoming department of environmental quality, or cash, or government securities, or irrevocable letters of credit issued by a bank or credit union organized to do business in the United States, or all four (4). (c) Irrevocable letters of credit deposited under this section shall be issued by a bank that is insured by the federal deposit insurance corporation or a credit union that is insured by the national credit union administration.
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