Section 37.9180 - Financial Assurance Requirements for RestorationOwners and operators subject to this subchapter may use any of the following financial assurance mechanisms to demonstrate financial assurance for restoration:
(1) a trust agreement as specified in § 37.9185 of this title (relating to Trust Fund Requirements);(2) a surety bond guaranteeing payment as specified in § 37.9195 of this title (relating to Surety Bond Guaranteeing Payment Requirements);(3) an irrevocable standby letter of credit as specified in § 37.9205 of this title (relating to Irrevocable Standby Letter of Credit Requirements);(4) insurance as specified in § 37.9215 of this title (relating to Insurance Requirements);(5) a financial test as specified in § 37.9225 of this title (relating to Financial Test Requirements); or(6) a corporate guarantee as specified in § 37.9235 of this title (relating to Corporate Guarantee Requirements).30 Tex. Admin. Code § 37.9180
The provisions of this §37.9180 adopted to be effective August 3, 2006, 31 TexReg 5971