Ala. Admin. Code r. 335-4-8-.07 - Release Of Financial Institution
ADEM shall release a trustee, bank, surety or other financial institution when either of the following occur:
(a) An owner or operator substitutes
alternative financial assurance so that the total financial assurance for the
facility is equal to or greater than the current cost estimate for closure and
remediation, without counting the amounts to be released.
(b) ADEM releases the owner or operator from
the requirements of
335-4-8-.02 and .03
following completion of closure or remediation.
Author: James L. Bryant
Notes
Statutory Authority: Code of Ala. 1975, ยงยง 22-40A-1 et seq.
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