Wyoming Administrative Code
Agency 020 - Environmental Quality, Dept. of
Sub-Agency 0009 - Solid Waste Management
Chapter 7 - FINANCIAL ASSURANCE REQUIREMENTS
Section 7-10 - Government Securities
Universal Citation: WY Code of Rules 7-10
Current through September 21, 2024
(a) Government securities shall be endorsed to the order of the Department, placed in the possession of the Department, and backed by the full faith and credit of the United States.
(b) Possession of government securities may be in the form of the cash value of an irrevocable trust for the full amount of the closure, post-closure, or corrective action obligation, payable to the Department. An irrevocable trust shall conform to the requirements below:
(i) The Wyoming
Department of Environmental Quality Irrevocable Trust Form shall be signed by
the operator or guarantor as principal and the financial institution as
Trustee;
(ii) The Trustee must be a
bank organized to do business in the United States and have the authority to
act as a trustee whose trust operations are regulated and examined by a Federal
or State Agency;
(iii) The
irrevocable trust must be funded for the full amount of the closure,
post-closure, or corrective action obligation, except for the amount reduced by
other approved bond instruments or financial assurances;
(iv) Cancellation of an irrevocable trust
shall follow the procedures detailed in W.S. §
35-11-504(f); and
(v) Forfeiture proceedings for an irrevocable
trust shall follow the same procedures detailed in W.S. §
35-11-504(h).
Disclaimer: These regulations may not be the most recent version. Wyoming 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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