329 IAC 3.1-14-11 Use of a financial mechanism for multiple facilities option

Sec. 11. An owner or operator may use a financial assurance mechanism specified in section 4 of this rule to meet the requirements of section 4 of this rule for more than one (1) facility. Evidence of financial assurance submitted to the commissioner must include a list showing, for each facility, the U.S. EPA identification number, name, address, and the amount of funds for corrective action or closure, or both, assured by the mechanism. 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 each facility. In directing funds available through the mechanism for corrective action or closure, or both, of any of the facilities covered by the mechanism, the commissioner may direct only the amount of funds designated for that facility, unless the owner or operator agrees to the use of additional funds available under the mechanism.