Minn. R. Part 7045.0618

Current through Register Vol. 48, No. 51, June 17, 2024
Part 7045.0618 - USE OF A MECHANISM FOR FINANCIAL ASSURANCE OF BOTH CLOSURE AND POSTCLOSURE CARE

An owner or operator may satisfy the requirements for financial assurance for both closure and postclosure care for one or more facilities by using a trust fund, surety bond, letter of credit, insurance, financial test, or corporate guarantee that meets the specifications for the mechanism in both parts 7045.0612 and 7045.0616. The amount of funds available through the mechanism must 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 postclosure care.

Minn. R. Part 7045.0618

9 SR 115

Statutory Authority: MS s 116.07