35 Ill. Adm. Code 724.246
Use of a Mechanism for Financial Assurance of Both Closure and Post-Closure Care
Section 724
Section 724.246Â Use of a
Mechanism for Financial Assurance of Both Closure and Post-Closure Care
An owner or operator may satisfy
the requirements for financial assurance for both closure and post-closure care
for one or more facilities by using a trust fund, surety bond, letter of
credit, insurance, financial test, or corporate guarantee that meets the
specifications for the mechanism in both Sections 724.243 and 724.245. The
amount of funds available through the mechanism must be no less than the sum of
funds that would be available if a separate mechanism had been established and
maintained for financial assurance of closure and of post-closure care.