LAC 33:IX.6705
LAC 33:IX.6705. Amount of Required Financial Security
Cite as La. Admin. Code tit. 33, pt. IX, ยง 6705
A. The amount of the financial security must be equal to or greater than $1 per gallon of wastewater discharge per day from the facility, as determined by the administrative authority, up to a maximum of $25,000.
B. The secretary may, in his discretion, allow a single financial security instrument to satisfy the requirements of this Chapter for up to four permits held by the same permittee, if the amount of financial security provided by that instrument is large enough to satisfy the requirements of Subsection A of this Section for the facility with the greatest amount of wastewater discharge per day.