Section 329IAC16-2-26. "Financial assurance" defined

Latest version.

"Financial assurance" means, for the purposes of this article, a bond, letter of credit, insurance, or trust fund acquired by the owner, operator, or registrant of the registered facility in an amount sufficient to provide for:

(1) remediation of contamination at the registered facility; and

(2) closure of the registered facility.

(Solid Waste Management Division; 329 IAC 16-2-26; filed Aug 15, 2007, 10:22 a.m.: 20070912-IR-329050181FRA; readopted filed Jul 29, 2013, 9:20 a.m.: 20130828-IR-329130179BFA; filed Jan 23, 2015, 10:34 a.m.: 20150218-IR-329140019FRA)

                    
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