Wyoming Administrative Code
Agency 020 - Environmental Quality, Dept. of
Sub-Agency 0011 - Water Quality
Chapter 20 - PERMITTING, DESIGN AND OPERATION STANDARDS CONFINED SWINE FEEDING OPERATIONS
Part F - FINANCIAL ASSURANCE STANDARDS
Section 20-51 - Release of the Permittee from the Requirements of Financial Assurance
Universal Citation: WY Code of Rules 20-51
Current through September 21, 2024
(a) No bond or other form of financial assurance may be canceled by the surety unless sixty (60) days prior written notice is given the Director and the Director gives written consent, which may be granted only when the requirements of these regulations have been fulfilled.
(b) When closure and corrective actions required by a permit are complete, financial assurance shall be released by the Department.
(i) When the Administrator
determines that initial closure activities have been completed for a permit,
financial assurance less retainages shall be released.
(ii) A sufficient amount of financial
assurance shall be retained to pay for estimated costs of post-closure
activities. This portion of the financial assurance shall be held for a period
of at least three (3) years after initial facility closure activities are
completed.
(iii) The corrective
action contingency bond amount shall be reduced 20 percent per year after
initial closure activities have been completed. The reduction rate may be
adjusted by the Administrator if justified to provide
for the costs of unresolved remedial action requirements. Such amounts shall be
held until remedial actions are complete.
(iv) Release of any amounts of financial
assurance shall not release the permittee or other responsible person from any
responsibility for meeting closure or corrective action requirements.
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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