Ohio Administrative Code
Title 3745 - Ohio Environmental Protection Agency
Chapter 3745-400 - Disposal Methods for Construction and Demolition Debris; Licensed Facilities
Section 3745-400-57 - Three year transition for final closure financial assurance for construction and demolition debris processing facilities
Current through all regulations passed and filed through March 18, 2024
(A) Notwithstanding paragraph (B)(1) of rule 3745-400-56 of the Administrative Code, the owner or operator of a processing facility for the license year 2023 may use a three year transition period for funding financial assurance by submitting a written notice each year of the transition period that complies with the following:
(B) For the purposes of this rule, "final closure transition amount" means the amount calculated by multiplying the final closure cost estimate by the appropriate transition year percentage as follows:
(C) The owner or operator shall annually fund final closure financial assurance for each year of the three year transition period as follows:
(D) If the owner or operator fails to maintain financial assurance for the processing facility in an amount not less than the final closure transition amount or fails to timely provide notice as specified in paragraph (A) of this rule, the owner or operator shall fully fund the final closure cost estimate in accordance with paragraph (B) of rule 3745-400-56 of the Administrative Code prior to issuance of a subsequent license.