329 IAC 3.1-14-4 - Financial assurance for closure and corrective action; approach options
Authority: IC 13-14-8; IC 13-22-2; IC 13-22-8-1; IC 13-22-9-7
Affected: IC 13-22
Sec. 4.
An owner or operator of each facility shall establish financial assurance for closure or corrective action, or both, of the facility, in accordance with the following:
(1)
The owner or operator shall choose from the financial assurance options
specified in sections 5 through 9 of this rule to establish financial assurance
for corrective action.
(2) The
owner or operator shall establish financial assurance for closure of a facility
that is subject to this rule.
(3)
The owner or operator shall establish financial assurance for corrective action
of a facility that meets the following criteria:
(A) The facility is subject to corrective
action under
42 U.S.C.
6928(h) or IC
13-22-13.
(B) The commissioner
requires the establishment of financial assurance for corrective action, based
on one (1) or more of the following:
(i) After
the implementation of interim measures for corrective action, the owner or
operator has not attained the cleanup goal.
(ii) Corrective action requires a long-term
remedy that may include engineering controls as a component of an environmental
restrictive covenant.
(iii) An
order requires financial assurance for corrective action.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.