Surety bond required for tire collectors.

HF 2150 requires tire collectors who need a permit in Minnesota to maintain a $150,000 surety bond with a state-authorized company. This bond must be continuous until canceled (with 30 days' written notice to the collector and commissioner) and ensures compliance with tire collection laws (sections 115A.90-115A.914). The bond protects citizens by covering potential damages if collectors fail to follow regulations, though collectors remain liable for damages exceeding the bond amount. It directly affects businesses collecting tires that require state permits.