329 IAC 15-5-3.5 Annual update of closure cost estimate

Sec. 3.5. (a) The owner or operator of a waste tire storage site shall submit to the department an updated written closure cost estimate: (1) annually, not later than January 31 of each year; (2) not more than thirty (30) days after a change in the closure plan that increases the closure cost estimate; (3) that includes documentation from the financial assurance issuing institution confirming that the financial assurance mechanism required by section 1 of this rule is still in effect; and (4) that is on a form provided by the department. (b) The updated closure cost estimate required by subsection (a) must meet the requirements of section 3 of this rule. (c) After submitting an updated closure cost estimate to the department in accordance with this section, the owner or operator of a waste tire storage site shall update the financial assurance mechanism not more than thirty (30) days after the submittal.