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§ 66264.146. Use of a Mechanism for Financial Assurance of Closure, Post-Closure Care, and Corr...


Barclays Official California Code of Regulations Currentness
Title 22. Social Security
Division 4.5. Environmental Health Standards for the Management of Hazardous Waste
Chapter 14. Standards for Owners and Operators of Hazardous Waste Transfer, Treatment, Storage, and Disposal Facilities
Article 8. Financial Requirements
22 CCR § 66264.146
§ 66264.146. Use of a Mechanism for Financial Assurance of Closure, Post-Closure Care, and Corrective Action.
An owner or operator may satisfy the requirements for financial assurance for closure, post-closure care, and corrective action for one or more facilities by using a trust fund, surety bond, letter of credit, insurance, financial test, corporate guarantee, or alternative mechanism that meets the specifications for the mechanism in both sections 66264.143 and 66264.145 for each facility. 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, post-closure care, and corrective action.
Note: Authority cited: Sections 208, 25150, 25159, 25159.5, 25200.21, 25245, 58004 and 58012, Health and Safety Code. Reference: Sections 25200.21 and 25425, Health and Safety Code; 40 CFR Section 264.146.
1. New section filed 5-24-91; operative 7-1-91 (Register 91, No. 22).
2. Amendment of section heading, section and Note filed 10-24-2018; operative 1-1-2019 (Register 2018, No. 43).
This database is current through 3/20/20 Register 2020, No. 12
22 CCR § 66264.146, 22 CA ADC § 66264.146
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