Cal. Code Regs. tit. 22 § 66264.146

Current through Register 2024 Notice Reg. No. 25, June 21, 2024

Section 66264.146 - Use of a Mechanism for Financial Assurance of Closure, Post-Closure Care, and Corrective Action

An owner or operator may satisfy the requirements for financial assurance for closure, post-closure care, and corrective action for one or more facilities by using a trust fund, surety bond, letter of credit, insurance, financial test, corporate guarantee, or alternative mechanism that meets the specifications for the mechanism in both sections 66264.143 and 66264.145 for each facility. The amount of funds available through the mechanism shall be no less than the sum of funds that would be available if a separate mechanism had been established and maintained for financial assurance of closure, post-closure care, and corrective action.

Cal. Code Regs. Tit. 22, § 66264.146

1. New section filed 5-24-91; operative 7-1-91 (Register 91, No. 22).
2. Amendment of section heading, section and NOTE filed 10-24-2018; operative 1-1-2019 (Register 2018, No. 43).

Note: Authority cited: Sections 208, 25150, 25159, 25159.5, 25200.21, 25245, 58004 and 58012, Health and Safety Code. Reference: Sections 25200.21 and 25425, Health and Safety Code; 40 CFR Section 264.146.

1. New section filed 5-24-91; operative 7-1-91 (Register 91, No. 22).
2. Amendment of section heading, section and Note filed 10-24-2018; operative 1/1/2019 (Register 2018, No. 43).