The owner or operator shall deposit the full amount of the closure cost estimate at the time the fund is established.
After the trust fund is established, whenever the current closure cost estimate changes, the owner or operator shall compare the new estimate with the trustee's most recent annual valuation of the trust fund. If the value of the fund is less than the amount of the new estimate, the owner or operator within 60 days after the change in the cost estimate, shall either deposit an amount into the fund so that its value after this deposit at least equals the amount of the current closure cost estimate, or obtain other financial assurance as specified in this section to cover the difference.
Section 15. Notice of Payment. The trustee shall notify the Department of payment to the trust fund, by certified mail within 10 days following said payment to the trust fund. The notice shall contain the name of the Grantor, the date of payment, the amount of payment, and the current value of the trust fund.
15A N.C. Admin. Code 13A .0109
Eff. November 19, 1980;
Amended Eff. November 1, 1989; June 1, 1989; December 1, 1988; February 1, 1988;
Transferred and Recodified from 10 NCAC 10F .0032 Eff. April 4, 1990;
Amended Eff. August 1, 1990;
Recodified from 15A NCAC 13A .0010 Eff. August 30, 1990;
Amended Eff. July 1, 1995; October 1, 1993; April 1, 1993; October 1, 1992;
Recodified from 15A NCAC 13A .0009 Eff. December 20, 1996;
Amended Eff. August 1, 2004; April 1, 2001; April 1, 1999;
Temporary Amendment Eff. May 30, 2017 (replaced by the rule effective March 1, 2018);
Readopted Eff. March 1, 2018.
Eff. 11/19/1980;
Amended Eff. 11/1/1989; June 1, 1989; December 1, 1988; February 1, 1988;
Transferred and Recodified from 10 NCAC 10F .0032 Eff. 4/4/1990;
Amended Eff. 8/1/1990;
Recodified from 15A NCAC 13A .0010 Eff. 8/30/1990;
Amended Eff. 7/1/1995; October 1, 1993; April 1, 1993; October 1, 1992;
Recodified from 15A NCAC 13A .0009 Eff. 12/20/1996;
Amended Eff. 8/1/2004; April 1, 2001; April 1, 1999.