Minnesota Administrative Rules
Agency 167 - Pollution Control Agency
Chapter 9220 - WASTE TIRE PROGRAMS
WASTE TIRE FACILITY FINANCIAL ASSURANCE REQUIREMENTS
Part 9220.0650 - USE OF MULTIPLE FINANCIAL ASSURANCE MECHANISMS

Universal Citation: MN Rules 9220.0650
Current through Register Vol. 49, No. 13, September 23, 2024

An owner or operator may satisfy the requirements of part 9220.0560 by establishing more than one financial assurance mechanism per waste tire facility. These mechanisms are limited to trust funds, surety bonds guaranteeing payment into a trust fund, and letters of credit. The mechanisms must be established as specified in parts 9220.0610, 9220.0620, and 9220.0630, except that it is the combination of mechanisms, rather than a single mechanism, that must provide financial assurance at least equal to the sum of the current closure cost estimate. If an owner or operator uses a trust fund in combination with a surety bond or letter of credit, the owner or operator may use the trust fund as the standby trust fund for the other mechanisms. A single standby trust fund may be established for two or more mechanisms. The commissioner may use any or all of the financial assurance mechanisms to provide for closure of the facility.

Statutory Authority: MS s 115A.914

Disclaimer: These regulations may not be the most recent version. Minnesota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.