Substitution of Financial Assurance Mechanisms by Owner or Operator

(1) An Owner or Operator may substitute any alternate financial assurance mechanisms as allowed in 310 CMR 80.53, provided that at all times the Owner or Operator maintains an effective financial assurance mechanism or combination of mechanisms that satisfies the requirements of 310 CMR 80.52. (2) After obtaining alternate financial assurance as specified 310 CMR 80.53, an Owner or Operator may cancel a financial assurance mechanism using applicable procedures.