Illinois Administrative Code
Title 35 - ENVIRONMENTAL PROTECTION
Part 807 - SOLID WASTE
Subpart F - FINANCIAL ASSURANCE FOR CLOSURE AND POST-CLOSURE CARE
Section 807.603 - Upgrading Financial Assurance
Universal Citation: 35 IL Admin Code ยง 807.603
Current through Register Vol. 48, No. 38, September 20, 2024
a) The operator must maintain financial assurance equal to or greater than the current cost estimate at all times except as provided in this Section.
b) The operator must increase the total amount of financial assurance so as to equal the current cost estimate within 90 days after any of the following:
1) An increase in the current cost
estimate;
2) A decrease in the
value of a trust fund;
3) A
determination by the Agency that an operator no longer meets the gross revenue
or financial test; or,
4)
Notification by the operator that the operator intends to substitute alternate
financial assurance for self-insurance.
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