Release of Financial Institution

Section 820.403  Release of Financial Institution The Agency must release a trustee, bank, or other financial institution as soon as practicable after the owner or operator makes a written request to the Agency for release and demonstrates that either one of the following events has occurred: a)         the owner or operator has substituted alternate financial assurance that meets the requirements of this Subpart; or b)         the Agency has released the owner or operator from the requirements of this Subpart following: 1)         completion of closure in compliance with Section 820.305; and 2)         Agency certification of closure of the GCDD recovery facility under Section 820.306(b).