Okla. Admin. Code § 165:25-2-4

Current through Vol. 42, No. 7, December 16, 2024

Section 165:25-2-4 - Financial responsibility

An owner/operator must satisfy the requirements of Title 40 Code of Federal Regulations (CFR) 280, Subpart H by use of the Oklahoma Petroleum Storage Tank Indemnity Fund (Indemnity Fund) (ref: Okla. Stat. Tit. 17 § 327.3). Compliance may also be satisfied by use of any of the mechanisms outlined in 40 CFR 280, Subpart H, including, but not limited to Self-insurance, Guarantee, Insurance, Surety Bond, Letter of Credit, Trust fund or standby trust fund, Securities pledge, Cash or cash equivalent pledge. Use of the Indemnity Fund requires a co-pay.

Added at 21 Ok Reg 2036, eff 7-1-04; Amended at 22 Ok Reg 1730, eff 7-1-05; Amended at 23 Ok Reg 2261, eff 7-1-06; Amended at 25 Ok Reg 1867, eff 7-1-08

Amended by Oklahoma Register, Volume 31, Issue 24, September 2, 2014, eff. 9/12/2014

Amended by Oklahoma Register, Volume 34, Issue 24, September 1, 2017, eff. 9/11/2017

Amended by Oklahoma Register, Volume 36, Issue 21, July 15, 2019, eff. 8/1/2019