South Carolina Code of Regulations
Chapter 61 - DEPARTMENT OF HEALTH AND ENVIRONMENTAL CONTROL
Subchapter 61-63 - Radioactive Materials (Title A)
Part X - LICENSING REQUIREMENTS FOR INTERIM STORAGE OF RADIOACTIVE WASTE
Section 61-63.X.RHA 10.15 - Applicant Qualifications and Assurances

Universal Citation: SC Code Regs 61-63.X.RHA 10.15

Current through Register Vol. 48, No. 9, September 27, 2024

10.15.1 Each applicant shall provide the necessary funds or has reasonable assurance in providing the necessary funds, or by a combination of the two, to:

10.15.1.1 Cover the estimated costs of conducting all licensed activities over the planned operating life of the storage facility, including costs of construction;

10.15.1.2 Cover the cost of contingencies arising from the operation of the storage facility;

10.15.1.3 Cover the cost of handling, transport and ultimate disposal of the stored waste;

10.15.1.4 Cover the cost of handling, transport and disposal of waste stored for other generators in the event of inability of the other generators to dispose of their wastes. Payment of fees for using the storage facility must be made available to a fund to defray the expenses incurred in disposing of their wastes; and

10.15.1.5 Cover the cost of D & D of the storage facility. An arrangement for payment into a D & D trust fund must be established with the Department.

10.15.2 The Department will accept financial sureties that have been consolidated with earmarked financial or surety arrangements established to meet requirements of federal or other state agencies (and/or local government bodies).

10.15.3 The licensees's financial or surety arrangement shall be submitted annually for review by the Department.

10.15.4 The amount of the licensee's financial or surety arrangement shall change in accordance with changes in predicted costs. The financial or surety arrangement shall be sufficient at all times to cover the costs specified in 10.15.1.

10.15.5 Financial or surety arrangements generally acceptable to the Department include surety bonds, cash deposits, certificates of deposit, deposits of government securities, escrow accounts, irrevocable letters or lines of credit, trust funds, and combination of the above or such other types of arrangements as may be approved by the Department. Self insurance, or any arrangement which essentially constitutes self insurance, will not satisfy the surety requirement for private sector applicants.

10.15.6 The licensee's financial or surety arrangement shall remain in effect until the Department finds that compliance of requirements of license termination has been meet.

Disclaimer: These regulations may not be the most recent version. South Carolina 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.
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