Louisiana Administrative Code
Title 33 - ENVIRONMENTAL QUALITY
Part V - Hazardous Wastes and Hazardous Materials
Subpart 1 - Department of Environmental Quality-Hazardous Waste
Chapter 37 - Financial Requirements
Subchapter C - Common Closure and Post-Closure Requirements
Section V-3713 - Use of a Mechanism for Financial Assurance of Both Closure and Post-Closure Care
Current through Register Vol. 50, No. 9, September 20, 2024
A. An owner or operator may satisfy the requirements for financial assurance for both closure and post-closure care for one or more facilities by using a trust fund, surety bond, letter of credit, insurance, financial test, or corporate guarantee that meets the specifications for the mechanism in both LAC 33:V.3707 and 3711. The amount of funds available through the mechanism must be no less than the sum of funds that would be available if a separate mechanism has been established and maintained for financial assurance of closure and post-closure care.
AUTHORITY NOTE: Promulgated in accordance with R.S. 30:2180 et seq.
