Wyoming Administrative Code
Agency 020 - Environmental Quality, Dept. of
Sub-Agency 0011 - Water Quality
Chapter 14 - FINANCIAL ASSURANCE REQUIREMENTS
Section 14-5 - Establishment of Financial Assurance Requirements
Universal Citation: WY Code of Rules 14-5
Current through September 21, 2024
(a) The Department shall establish the amount of financial assurance required for regulated facilities based on the plans and cost estimates for closure, post-closure, and corrective action. Upon receipt of a cost estimate, the Department shall determine whether the cost estimate meets the requirements of this Chapter and notify the operator in writing of its determination.
(b) If the Department determines that a cost estimate meets the requirements of this Chapter:
(i) The Department shall establish the amount
of financial assurance required and notify the operator in writing of the
amount established; and
(ii) The
operator shall submit documentation of financial assurance in an amount at
least equal to the Department's established financial assurance amount within
thirty (30) days of the Department's establishment of the financial assurance
amount.
(c) If the Department determines that a cost estimate does not meet the requirements of this Chapter:
(i) The Department shall notify
the operator of the deficiencies in the cost estimate, and the operator shall
revise and resubmit the cost estimate to the Department within thirty (30) days
of the Department's determination; or
(ii) The Department shall establish the
amount of financial assurance required and notify the operator in writing of
the amount established, and the operator shall submit documentation of
financial assurance in an amount at least equal to the Department's established
financial assurance amount within thirty (30) days of the Department's
establishment of the financial assurance amount.
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