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§ 22236. CIWMB--Annual Inflation Factor. (T14:§ 18272)

27 CA ADC § 22236Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 27. Environmental Protection
Division 2. Solid Waste (Refs & Annos)
Subdivision 1. Consolidated Regulations for Treatment, Storage, Processing or Disposal of Solid Waste
Chapter 6. Financial Assurances at Solid Waste Facilities and at Waste Management Units for Solid Waste
Subchapter 3. Allowable Mechanisms (Refs & Annos)
Article 1. Calrecycle--General Requirements for Mechanisms
27 CCR § 22236
§ 22236. CIWMB--Annual Inflation Factor. (T14:§ 18272)
The operator shall submit, by June 1 of each year, a report calculating the increase in the cost estimates for closure and/or postclosure maintenance and/or corrective action due to the inflation factor for the previous calendar year. The inflation factor is derived from the annual Implicit Price Deflator for Gross National Product as published annually by the U.S. Department of Commerce in its Survey of Current Business, which is incorporated by reference. The inflation factor is the result of dividing the latest annual published deflator by the deflator for the previous year. The operator shall increase the monetary amount of the financial mechanism required under this Chapter based upon this inflation factor. The mechanism may not be decreased other than as a result of the closure and/or postclosure maintenance and/or corrective action plan amendment process.

Credits

Note: Authority cited: Section 40502, Public Resources Code. Reference: Sections 43103 and 43501, Public Resources Code.
History
1. New section filed 6-18-97; operative 7-18-97 (Register 97, No. 25).
This database is current through 4/5/24 Register 2024, No. 14.
Cal. Admin. Code tit. 27, § 22236, 27 CA ADC § 22236
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