Statutes, codes, and regulations
Indiana Administrative Code
Title 329 - SOLID WASTE MANAGEMENT DIVISIONArticle 3.1 - HAZARDOUS WASTE MANAGEMENT PERMIT PROGRAM AND RELATED HAZARDOUS WASTE MANAGEMENT
Rule 329 IAC 3.1-15 - Financial Requirements for Final (State) Permitted Owners and Operators of Hazardous Waste Treatment, Storage, and Disposal Facilities
Section 329 IAC 3.1-15-7 - Use of a mechanism for financial assurance of corrective action, closure, and post-closure care

329 Ind. Admin. Code 3.1-15-7

Download
PDF
Current through December 4, 2024
Section 329 IAC 3.1-15-7 - Use of a mechanism for financial assurance of corrective action, closure, and post-closure care

Authority: IC 13-14-8; IC 13-22-2; IC 13-22-8-1; IC 13-22-9-7

Affected: IC 13-22

Sec. 7.

An owner or operator may satisfy the requirements for financial assurance for any combination of corrective action, closure, and post-closure care for one (1) or more facilities by using a trust fund, surety bond, letter-of-credit, insurance, financial test, or guarantee that meets the specifications for the mechanism in both sections 4 and 6 of this rule. The amount of funds available through the mechanism must be no less than the sum of funds that would be available if a separate mechanism had been established and maintained for financial assurance of corrective action, closure, and post-closure care.

329 IAC 3.1-15-7

Solid Waste Management Board; 329 IAC 3.1-15-7; filed Jan 24, 1992, 2:00 p.m.: 15 IR 998; filed Apr 1, 1996, 11:00 a.m.: 19 IR 2034; readopted filed Jan 10, 2001, 3:25 p.m.: 24 IR 1535
Filed 5/11/2021, 12:38 p.m.: 20210609-IR-329140287FRA