Ala. Admin. Code r. 400-8-1-.29

Current through Register Vol. 43, No. 3, December 31, 2024
Section 400-8-1-.29 - [Effective 1/11/2025] Financial Responsibility

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

Adopted by Alabama Administrative Monthly Volume XLIII, Issue No. 02, November 27, 2024, eff. 1/11/2025.

Author: S. Marvin Rogers

Statutory Authority: 9-17-150 et seq. of the Code of Alabama (1975)