Or. Admin. Code § 345-095-0150
Current through Register Vol. 63, No. 12, December 1, 2024
Section 345-095-0150 - Financial Assurance(1) Before beginning construction of the uranium mill, the site certificate holder shall provide financial assurance, in a form and amount acceptable to the Council, sufficient to cover the cost of decommissioning the uranium mill and its associated facilities in accordance with OAR 345-095-0117, 345-095-0118, and 345-095-0120 and to provide long term monitoring and maintenance in an amount specified in the site certificate.(2) When the site certificate holder has completed the decommissioning required in OAR 345-095-0117, 345-095-0118 and 345-095-0120 and the state or federal government has accepted title to the site, the site certificate may be terminated as described in OAR 345-027-0110.(3) The adequacy of bonding or other funds shall be reviewed and adjusted by the Council annually following receipt of the site certificate holder's financial report described in OAR 345-095-0160.Or. Admin. Code § 345-095-0150
EFSC 2-1980, f. & ef. 2-28-80; EFSC 1-2007, f. & cert. ef. 5-15-07Stat. Auth.: ORS 469.556
Stats. Implemented: ORS 469.470 & 469.501