Cal. Code Regs. tit. 22 § 66265.146

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

Section 66265.146 - Use of a Mechanism for Financial Assurance of Both Closure and Post-Closure Care

An owner or operator may satisfy the requirements for financial assurance for both closure and post-closure care for one or more facilities by using a trust fund, surety bond, letter of credit, insurance, financial test, or corporate guarantee or alternative mechanism, that meets the specifications for the mechanism in both sections 66265.143 and 66265.145 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 and of post-closure care.

Cal. Code Regs. Tit. 22, § 66265.146

1. New section filed 5-24-91; operative 7-1-91 (Register 91, No. 22).
2. Amendment of 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 265.146.

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