Financial Responsibility for Post-Closure Care

Section 730 Section 730.173  Financial Responsibility for Post-Closure Care The owner or operator must demonstrate and maintain financial responsibility for post-closure care by using a trust fund, surety bond, letter of credit, financial test, insurance, or corporate guarantee that meets the specifications for the mechanisms and instruments revised as appropriate to cover closure and post-closure care in Subpart G of 35 Ill. Adm. Code 704.  The amount of the funds available must be no less than the amount identified in Section 730.172(a)(4)(F).  The obligation to maintain financial responsibility for post-closure care survives the termination of a permit or the cessation of injection.  The requirement to maintain financial responsibility is enforceable whether or not the requirement is a condition of the permit. BOARD NOTE:  Derived from 40 CFR 146.73 (2005).