N.J. Admin. Code § 7:26C-5.1

Current through Register Vol. 56, No. 24, December 18, 2024

Section 7:26C-5.1 - Scope

(a) This subchapter establishes the requirements for:

1. Who has the obligation to establish and maintain a remediation funding source or financial assurance, in N.J.A.C. 7:26C-5.2;

2. The dollar amount that the person responsible for conducting the remediation has to establish and maintain in a remediation funding source or financial assurance, in N.J.A.C. 7:26C-5.3;

3. The requirements related to each of the financial mechanisms available as remediation funding sources or financial assurance, in N.J.A.C. 7:26C-5.4 through 5.9;

4. The annual cost reviews, in N.J.A.C. 7:26C-5.10;

5. The procedures for adjusting the amount of the remediation funding source or financial assurance and for returning the remediation funding source or financial assurance, in N.J.A.C. 7:26C-5.11;

6. The disbursement of funds from a remediation funding source or financial assurance, in N.J.A.C. 7:26C-5.12; and

7. The procedures the Department will use to draw on the funding in the remediation funding source or financial assurance when a person has failed to perform the remediation, in N.J.A.C. 7:26C-5.13.

N.J. Admin. Code § 7:26C-5.1

Administrative correction.
See: 42 N.J.R. 1862(a).
Amended by R.2012 d.095, effective 5/7/2012.
See: 43 N.J.R. 1935(a), 44 N.J.R. 1339(b).
In (a)1, (a)2, (a)3, (a)5, (a)6 and (a)7, inserted "or financial assurance" throughout; and in (a)3, inserted "requirements related to each of the".