Okla. Admin. Code § 252:653-11-12

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

Section 252:653-11-12 - 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 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 252:653-11-8(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 DEQ.

Okla. Admin. Code § 252:653-11-12

Adopted by Oklahoma Register, Volume 35, Issue 24, September 4, 2018, eff. 9/15/2018