Wisconsin Administrative Code
Department of Natural Resources
NR 700-799 - Environmental Protection - Investigation and Remediation of Environmental Contamination
Chapter NR 756 - Financial Responsibility At Contaminated Sediment Sites With Engineering Controls
Section NR 756.10 - Adjustment of financial responsibility

Universal Citation: WI Admin Code § NR 756.10

Current through August 26, 2024

(1) A person required to submit proof shall submit to the department verification of the adjustment of the amount of funds secured by a method of proof of financial responsibility on a form supplied by the department.

(2) The amounts of funds secured by methods of proof of financial responsibility shall be adjusted according to all of the following requirements:

(a) The amounts of funds for all proof methods shall be adjusted annually under s. NR 756.07(7) to account for increases in cost estimates based on adjustments for inflation. The annual proof method adjustments shall be submitted to the department by December 31.

(b) Adjusted proof methods shall be submitted within 60 days after a new cost estimate submitted in accordance with s. NR 756.07 is approved by the department. The adjusted proof methods shall be in an amount adequate to cover the most recently approved cost estimate.

(3) For a person using trust accounts, escrow accounts, or deposits with the department to meet the requirements of this chapter, revised proof of financial responsibility calculations shall be performed under s. NR 756.08 and submitted to the department by March 1 of the year succeeding the calendar year in which the weighted average annual rate of return of any trust or escrow account has fallen by one percent or more.

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