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1 New Paragraph; Duties of Commissioner; Surety Bonds. Amend RSA 21-O:3 by inserting after paragraph X the following new paragraph:
XI. Identify industries doing business in the state that could potentially pollute the air, water, or soil and require persons working in such industries to have surety bonds in place during the licensing process. The commissioner shall develop a formula to calculate the amount of the bond based on a percentage that would adequately compensate citizens for environmental damages caused by the person and to assist in remediation efforts. The commissioner shall further develop a program to evaluate and renew bonds yearly considering factors such as company growth and profits.
2 Effective Date. This act shall take effect 60 days after its passage.
Text to be added highlighted in green.
1 New Paragraph; Duties of Commissioner; Surety Bonds. Amend RSA 21-O:3 by inserting after paragraph X the following new paragraph:
XI. Identify industries doing business in the state that could potentially pollute the air, water, or soil and require persons working in such industries to have surety bonds in place during the licensing process. The commissioner shall develop a formula to calculate the amount of the bond based on a percentage that would adequately compensate citizens for environmental damages caused by the person and to assist in remediation efforts. The commissioner shall further develop a program to evaluate and renew bonds yearly considering factors such as company growth and profits.
2 Effective Date. This act shall take effect 60 days after its passage.