{"data":{"id":"us-la/rs-30-2114","jurisdiction":"us-la","citation":"RS 30:2114","heading":"Posting of bond","body":"A. The department shall require the posting of a bond by licensees to provide funds in the event of abandonment, default, or other inability of the licensee to meet the requirements of the department.\nB. A bond deemed acceptable in Louisiana shall be a bond issued by a fidelity or surety company authorized to do business in Louisiana, a personal bond secured by such collateral as the department deems satisfactory, a cash bond, or a letter of credit.\nC. The department is authorized to exempt classes of licensees from the requirements of this Section when a finding is made that such exemption will not result in a significant risk to the public welfare and safety.","path":["TITLE 30. MINERALS, OIL, AND GAS AND ENVIRONMENTAL QUALITY"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=87180","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:56:04Z","sha256":"3132114760383b4303e3dbcfcd828bade1255fd3decccc741f0f205b76031a4e","source_id":"us-la","stale":false,"prev":"us-la/rs-30-2113","next":"us-la/rs-30-2115"},"notice":"GroundRules: Original legal text. Not legal advice."}