N.D. Admin. Code 33.1-20-14-04

Current through Supplement No. 395, January, 2025

Section 33.1-20-14-04 - [Effective until 10/1/2024] Implementation of financial assurance for closure and postclosure

1. The closure plan and postclosure plan required by this article must specify the financial assurance mechanisms required by this chapter and, if a trust fund, surety bond, or insurance policy, the methods and schedules for funding the mechanisms.

2. During the active life of the facility the owner or operator shall adjust the closure cost estimate and postclosure cost estimate for inflation and shall submit the following information to the" department no later than August thirty-first of each year:

a. Updated inflation adjusted closure cost estimate and postclosure cost estimate;

b. A summary of financial assurance in place;

c. The submittal date of the most recent detailed cost estimates for closure and postclosure;

d. The maximum allowed open area and quantities;

e. Current estimated open area and quantities; and

f. The mechanisms in use.

N.D. Admin Code 33.1-20-14-04

Adopted by Administrative Rules Supplement 370, October 2018, effective 1/1/2019.

Amended by Administrative Rules Supplement 2020-377, July 2020, effective 7/1/2020.

General Authority: NDCC 23.1-08-03; S.L 2017, ch. 199, § 1

Law Implemented: NDCC 23.1-08-03; S.L. 2017, ch. 199, § 23