Ala. Admin. Code r. 400-8-1-.29
Current through Register Vol. 43, No. 3, December 31, 2024
The Board shall ensure that the storage operator submits to the Board a surety bond or bonds sufficient to cover the costs and expenses of the closure of the storage facility. The proceeds of a bond shall be payable to the board by the surety upon order of the Board. The storage operator shall address in its petition to approve the proposed storage operation the sufficiency of the bond or bonds to cover the costs and expenses of the closure of the storage facility.
Ala. Admin. Code r. 400-8-1-.29
Author: S. Marvin Rogers
Statutory Authority: 9-17-150 et seq. of the Code of Alabama (1975)