329 Ind. Admin. Code 15-5-12

Current through September 4, 2024

Section 329 IAC 15-5-12 - Release of financial assurance obligations

Authority: IC 13-19-3-1; IC 13-20-13-11

Affected: IC 13-30-2; IC 36-9-30

Sec. 12.

(a) The owner or operator of a waste tire storage site is released from the obligation to maintain financial assurance when:

(1) the requirements for final closure in 329 IAC 15-3-21(a) or an alternative method of closure approved by the commissioner under 329 IAC 15-3-21(c) are complete; and

(2) after the department verifies that closure is complete, the commissioner has notified the trustee or issuing institution of the financial assurance mechanism that the owner or operator may be released from financial assurance.

(b) A waste tire transporter is released from the obligation to maintain financial assurance when:

(1) the waste tire transporter has:

(A) notified the department of the termination of operations in accordance with 329 IAC 15-4-16; and

(B) completed all activities required by the department under this article; and

(2) after the department verifies that the activities required in subdivision (1) are complete, the commissioner has notified the trustee or issuing institution of the financial assurance mechanism that the waste tire transporter may be released from financial assurance.

329 IAC 15-5-12

Solid Waste Management Board; 329 IAC 15-5-12; filed Oct 10, 2000, 3:10 p.m.: 24 IR 333; readopted filed Nov 30, 2006, 4:16 p.m.: 20061227-IR-329050168FRA

Readopted filed Jul 18, 2012, 2:26 p.m.: 20120815-IR-329120206BFA; readopted filed Jun 6, 2018, 1:57 p.m.: 20180704-IR-329180170BFA

Filed 11/28/2022, 10:42 a.m.: 20221228-IR-329170279FRA