Okla. Admin. Code § 252:517-17-75

Current through Vol. 41, No. 19, June 17, 2024

Section 252:517-17-75 - Certificate of deposit

(a)Certificate of deposit authorized. Financial assurance requirements may be satisfied through a certificate of deposit payable to the Department of Environmental Quality Revolving Fund, for the fully approved cost estimates for closure, post-closure, and/or corrective action. Such certificate shall be filed with the Office of the State Treasurer.

(b)Chartered bank. The certificate of deposit shall be issued by a state or federally chartered bank, regulated and examined by a state or federal agency.

(c)Additional requirements. Compliance with OAC 252:517-17-71(a)(5), (6), (7), and (13) is required.

(d)Submit to DEQ. Documentation demonstrating compliance with (a) through (c) of this Section shall be submitted to the DEQ and placed in the operating record.

Okla. Admin. Code § 252:517-17-75

Adopted by Oklahoma Register, Volume 33, Issue 24, September 1, 2016, eff. 9/15/2016