Ohio Administrative Code (Last Updated: January 12, 2021) |
3745 Ohio Environmental Protection Agency |
Chapter3745-55. Corrective Action, Closure, Post-Closure, and Financial Requirements |
3745-55-46. Use of a mechanism for financial assurance of both closure and post-closure care
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An owner or operator may satisfy the requirements for financial assurance for both closure and post-closure care for one or more facilities by using a trust fund, surety bond, letter of credit, insurance, financial test, or corporate guarantee that meets the specifications for the mechanism in both rules 3745-55-43 and 3745-55-45 of the Administrative Code. The amount of funds available through the mechanism shall be no less than the sum of funds that would be available if a separate mechanism had been established and maintained for financial assurance of closure and of post-closure care.
Eff 8-26-83 (Emer.);
11-29-83
Rule promulgated under: RC Chapter 119.
Rule
amplifies: RC
3734.12