Iowa Admin. Code r. 567-136.5

Current through Register Vol. 47, No. 6, September 18, 2024

Rule 567-136.5 - Allowable mechanisms and combinations of mechanisms

(1) Subject to the limitations of subrule 136.5(2):

a. An owner or operator, including a local government owner or operator, may use any one or combination of the mechanisms listed in rules 136.6(455B) to 136.12(455B) to demonstrate financial responsibility under this chapter for one or more underground storage tanks, and

b. A local government owner or operator may use any one or combination of the mechanisms listed in rules 136.13(455B) to 136.16(455B) to demonstrate financial responsibility under this chapter for one or more underground storage tanks.

(2) An owner or operator may use self-insurance in combination with a guarantee only if, for the purpose of meeting the requirements of the financial test under this chapter, the financial statements of the owner or operator are not consolidated with the financial statements of the guarantor.

Iowa Admin. Code r. 567-136.5