Utah Administrative Code
Topic - Environmental Quality
Title R315 - Waste Management and Radiation Control, Waste Management
Rule R315-309 - Financial Assurance
Section R315-309-10 - Discounting
Universal Citation: UT Admin Code R 315-309-10
Current through Bulletin 2024-06, March 15, 2024
(1) The Director may allow discounting of closure, post-closure care, or corrective action costs up to the rate of return for essentially risk free investments, net inflation.
(2) Discounting may be allowed under the following conditions:
(a) the Director
determines that cost estimates are complete and accurate and the owner or
operator has submitted a statement from a professional engineer registered in
the state of Utah so stating;
(b)
the Director finds the facility in compliance with all applicable Utah Solid
Waste Permitting and Management Rules and in compliance with all conditions of
the facility's permit issued under the rules;
(c) the Director determines that the closure
date is certain and the owner or operator certifies that there are no
foreseeable factors that will change the estimate of the facility life;
and
(d) discounted cost estimates
must be adjusted annually to reflect inflation and years of remaining facility
life.
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