Code of Massachusetts Regulations
105 CMR - DEPARTMENT OF PUBLIC HEALTH
Title 105 CMR 120.000 - The Control of Radiation
QUALITY ASSURANCE
Section 120.827 - Financial Information

(A) The Operator shall show that it either possesses the necessary funds or has reasonable assurance of obtaining the necessary funds, or a combination of the two, to cover the estimated costs of conducting all licensed activities over the planned operating life of the project, including costs of facility development, construction, operation, and closure. The Operator shall demonstrate that it is in compliance with all the financial criteria for operator certification set forth in 345 CMR 3.12: Financial Criteria for Operator Certification.

(B) The Operator shall provide the Department with a certification issued by the Board that the amount expected to be contained in the institutional control account of the Low-Level Radioactive Waste Trust Fund will be adequate to pay the costs of institutional control of the facility pursuant to M.G.L. c. 111H, §§ 9 and 47. At any time that the Board determines that changes in inflation, technology of facility operations or other changes have significantly altered the factual basis for the certification issued pursuant to 105 CMR 120.827(B), it shall immediately notify the Department. Such notification shall include any proposal for changes in the schedule of surcharges for the Low-Level Radioactive Waste Trust Fund, adopted pursuant to M.G.L. c. 111H, § 38(c), deemed necessary by the Board.