Section 329IAC10-39-5. Joint financial responsibility for closure and post-closure

   (a) A permittee may satisfy the requirements for financial responsibility for both closure and post-closure care for one (1) or more solid waste land disposal facilities by using a trust fund, surety bond, letter of credit, or insurance.

  (b) In addition to the mechanisms listed under subsection (a), a permittee of a restricted waste site may use a financial test for restricted waste sites.

  (c) In addition to the mechanisms listed under subsection (a), a permittee that is a local government may use a local government financial test or local government guarantee.

  (d) The mechanisms listed under this section must meet the specifications for the mechanism in sections 2 through 3 of this rule.

  (e) The amount of funds available through the mechanism must be no less than the sum of funds that would be available if a separate mechanism had been established and maintained for financial responsibility of closure and of post-closure care. (Solid Waste Management Division; 329 IAC 10-39-5; filed Mar 14, 1996, 5:00 p.m.: 19 IR 1924; filed Feb 26, 1999, 5:45 p.m.: 22 IR 2236; filed Aug 2, 1999, 11:50 a.m.: 22 IR 3873)