Illinois Administrative Code
Title 35 - ENVIRONMENTAL PROTECTION
Part 845 - STANDARDS FOR THE DISPOSAL OF COAL COMBUSTION RESIDUALS IN SURFACE IMPOUNDMENTS
Subpart I - FINANCIAL ASSURANCE
Section 845.920 - Release of Financial Institution and Owner or Operator
Universal Citation: 35 IL Admin Code ยง 845.920
Current through Register Vol. 48, No. 38, September 20, 2024
a) The Agency must release a trustee, surety, or other financial institution when:
1) An
owner or operator substitutes alternative financial assurance such that the
total financial assurance for the CCR surface impoundment is equal to or
greater than the current cost estimate, without counting the amounts to be
released; or
2) The Agency releases
the owner or operator from the requirements of this Subpart under subsection
(b).
b) The Agency must release an owner or operator of a CCR surface impoundment from the requirements of this Subpart under the following circumstances:
1) Completed Closure. In the Agency's
approval of the closure report and certification under Section 845.760, the
Agency must notify the owner or operator in writing that it is no longer
required by this Subpart to maintain financial assurance for closure of the CCR
surface impoundment.
2) Completed
Post-Closure Care. In the Agency's approval of the owner's or operator's
request to terminate post-closure care under Section 845.780, the Agency must
notify the owner or operator in writing that it is no longer required by this
Subpart to maintain financial assurance for post-closure care of the CCR
surface impoundment.
3) Completed
Corrective Action. In the Agency's approval of the corrective action completion
report and certification under Section 845.680, the Agency must notify the
owner or operator in writing that it is no longer required by this Subpart to
maintain financial assurance for corrective action.
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