Indiana Administrative Code
Title 329 - SOLID WASTE MANAGEMENT DIVISION
Article 15 - WASTE TIRE MANAGEMENT
Rule 5 - Financial Assurance
Section 5-12 - Release of financial assurance obligations
Universal Citation: 329 IN Admin Code 5-12
Current through March 20, 2024
Authority: IC 13-19-3-1; IC 13-20-13-11
Affected: IC 13-30-2; IC 36-9-30
Sec. 12.
(a) The owner or operator of a waste tire storage site is released from the obligation to maintain financial assurance when:
(1) the
requirements for final closure in
329 IAC 15-3-21(a)
or an alternative method of closure approved
by the commissioner under
329 IAC 15-3-21(c)
are complete; and
(2) after the department verifies that
closure is complete, the commissioner has notified the trustee or issuing
institution of the financial assurance mechanism that the owner or operator may
be released from financial assurance.
(b) A waste tire transporter is released from the obligation to maintain financial assurance when:
(1) the waste tire transporter has:
(A) notified the department of the
termination of operations in accordance with
329 IAC 15-4-16; and
(B) completed all activities required by the
department under this article; and
(2) after the department verifies that the
activities required in subdivision (1) are complete, the commissioner has
notified the trustee or issuing institution of the financial assurance
mechanism that the waste tire transporter may be released from financial
assurance.
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