Obligee: South Carolina Department of Health and Environmental Control Surety Bonds

South Carolina Tire Waste Haulers Bond A Waste Tire Hauler Surety Bond is a license and permit surety bondrequired by various jurisdictions of those who transport tires as part of a commercial business. The bonds generally guarantee that the scrap tires are only taken to facilities that store, dispose of, or use the tires in a manner that protects the public health, the environment and complies with all applicable statues. These bonds are also known as Scrap Tire Hauler surety bonds.

South Carolina DHEC Closure Bond (Solid Waste) South Carolina has about 500 active mine operating permits. In 1974, the S.C. Mining Act was passed to ensure all mined lands would be returned to some useful purpose and for the protection of people and the environment. The Act and regulations outline the application process, how to conduct mine operations, and minimum reclamation standards. The Act defines mining as the removal of ores from the ground for sale (i.e., granite quarries) or for use in a business (i.e., brick manufacturing). There are several types of surface mining done in South Carolina: open pit (i.e., granite, vermiculite), strip mines (i.e., sand, clay, gravel) and sand dredging from river bottoms.

Financial Guarantee: A non- cancelable indemnity bond, backed by an insurance company, which guarantees that principal and interest will be paid in compliance with the underlying contrac- tual agreement or promissory note. Financial guarantee bonds are used by debt issuers as a way of attracting investors.

Surety Bond

Surety Bond

South Carolina Reclamation Bonds are essential financial guarantees required by the state to ensure the proper restoration of mined or disturbed lands. These bonds serve as a commitment from mining companies to adhere to environmental standards and land reclamation practices, safeguarding South Carolina’s natural beauty and ecological integrity. By securing a Reclamation Bond, businesses demonstrate their dedication to sustainable mining practices, ensuring that they responsibly manage and rehabilitate the land post-extraction. This not only protects the environment but also supports the state’s commitment to sustainable development and conservation efforts.