Louisiana Administrative Code
Title 33 - ENVIRONMENTAL QUALITY
Part XI - Underground Storage Tanks
Chapter 11 - Financial Responsibility
Section XI-1109 - Allowable Mechanisms and Combinations of Mechanisms

Universal Citation: LA Admin Code XI-1109

Current through Register Vol. 50, No. 9, September 20, 2024

A. Subject to the limitations of Subsection B of this Section, an owner or operator may use any one or combination of the mechanisms listed in LAC 33:XI.1111-1125 to demonstrate financial responsibility under this Chapter for one or more underground storage tanks.

B. An owner or operator may use self-insurance in combination with a guarantee only if, for the purpose of meeting the requirements of the financial test under this rule, the financial statements of the owner or operator are not consolidated with the financial statements of the guarantor.

AUTHORITY NOTE: Promulgated in accordance with R.S. 30:2001 et seq.

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