Illinois Administrative Code
Title 35 - ENVIRONMENTAL PROTECTION
Part 848 - MANAGEMENT OF USED AND WASTE TIRES
Subpart D - FINANCIAL ASSURANCE
Section 848.401 - Maintaining Financial Assurance
Universal Citation: 35 IL Admin Code ยง 848.401
Current through Register Vol. 48, No. 38, September 20, 2024
a) Except as otherwise provided in subsection (b), the owner or operator must at all times maintain financial assurance in an amount equal to or greater than the current approved removal cost estimate calculated pursuant to Section 848.404.
b) Within 60 days after the occurrence of any event listed in this subsection (b), the owner or operator must increase the total amount of financial assurance to an amount that is equal to or greater than the current approved removal cost estimate calculated pursuant to Section 848.404:
1) the current approved removal cost
estimate increases; or
2) the value
of a trust fund established pursuant to Section
848.410
decreases.
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