Illinois Administrative Code
Title 35 - ENVIRONMENTAL PROTECTION
Part 811 - STANDARDS FOR NEW SOLID WASTE LANDFILLS
Subpart G - FINANCIAL ASSURANCE
Section 811.701 - Upgrading Financial Assurance
Universal Citation: 35 IL Admin Code ยง 811.701
Current through Register Vol. 48, No. 12, March 22, 2024
a) The owner or operator shall maintain financial assurance equal to or greater than the current cost estimate calculated pursuant to Section 811.704 at all times, except as otherwise provided by subsection (b).
b) The owner or operator shall increase the total amount of financial assurance so as to equal the current cost estimate within 90 days after any of the following occurrences:
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 owner or operator no longer meets the gross
revenue test of Section
811.715(d)
or the financial test of Section
811.715(e);
or,
4) Notification by the owner or
operator that the owner or operator intends to substitute alternative financial
assurance, as specified in Section
811.706,
for self-insurance.
c) The owner or operator of a MSWLF unit shall annually make adjustments for inflation if required pursuant to Section 811.704(k)(2) or 811.705(d).
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