This bill (S.F. No. 2179) amends Minnesota Statutes 2024, section 115A.902, to introduce a requirement for tire collectors to obtain a surety bond before being issued or renewing a permit. The key provisions include:

• Tire collectors required to obtain a permit must file a surety bond of at least $150,000 with the commissioner.
  
• The bond must be executed by a surety company authorized to operate in Minnesota.
  
• The bond remains in effect continuously unless canceled by the surety, with a required 30-day written notice to both the tire collector and the commissioner.
  
• The bond is for the benefit of Minnesota citizens and ensures compliance with applicable state regulations (sections 115A.90 to 115A.914).
  
• The surety's liability is limited to the bond amount or the actual damages/money due, whichever is less. However, this does not limit a tire collector’s total liability to only the bond amount.
  
• The bond must be in a form prescribed by the commissioner.
  

This bill seeks to enhance regulatory compliance and accountability for tire collectors in Minnesota.