State Codes and Statutes
Statutes > Idaho > Title47 > T47ch16 > T47ch16sect47-1608MINES AND MINING
CHAPTER 16
GEOTHERMAL RESOURCES
47-1608. Bond. (1) The board shall require the execution of a good and sufficient bond in an amount the board determines reasonable, which shall not be less than one thousand dollars ($1,000) in favor of the state of Idaho conditioned upon the payment of all damages to the land surface and improvements thereon, whether or not the lands have been sold or leased for any other purpose.
(2) Upon commencement of operations for the drilling of any geothermal resource well, the lessee shall be required by the board to furnish such a bond as the board determines reasonable which shall not be less than six thousand dollars ($6,000) which bond shall be in lieu of the bond required in subsection (1) of this section and shall cover all subsequent operations on such lease.
