S.C. Code Regs. § § 61-107.3.II.D

Current through Register Vol. 48, No. 10, October 25, 2024

Section 61-107.3.II.D - Financial Assurance for Waste Tire Haulers

1. Waste tire haulers that haul tires for compensation by other persons shall be required to provide financial assurance to pay for corrective action.

2. Waste tire haulers shall provide financial assurance in the amount of ten thousand dollars ($10,000).

3. The financial assurance shall be issued in favor of the Department and shall consist of one (1) or more of the following mechanisms: surety bond, irrevocable letter of credit, insurance, trust fund, corporate financial test, or other evidence of financial responsibility assurance approved by the Department.

4. The Department shall use the financial assurance when necessary to pay for clean-up or corrective action. Any money remaining after completion of clean-up and/or corrective action shall be returned to the person who posted the financial assurance.

5. Financial assurance requirements of Part II.D of this regulation do not apply to a local government that hauls waste tires.

S.C. Code Regs. § 61-107.3.II.D

Replaced and amended by State Register Volume 39, Issue No. 06, eff. 6/26/2015.