NDAC 33.1-24-05-78
Use of a financial mechanism for both closure and postclosure care
Cite as N.D. Admin. Code ยง 33.1-24-05-78
An owner or operator may satisfy the requirements for financial assurance for both closure and
postclosure care for one or more facilities by using a trust fund, surety bond, letter of credit, insurance,
financial test, or corporate guarantee that meets the specifications for the mechanism in section
33.1-24-05-77. 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
financial assurance of closure and of postclosure care.