Or. Admin. R. 345-050-0120 - Bonding and Financial Ability
(1) A person shall not locate a waste
disposal facility at a site unless, if federal funding for remedial actions is
not available, the applicant provides a surety bond in the name of the state in
an amount determined by the Oregon Department of Energy to be sufficient to
cover any costs of closing the site and monitoring it or providing for its
security after closure and to secure performance of any site certificate
condition.
(2) The applicant shall
estimate the cost of closing the site, including the cost of the effort to
comply with the site suitability requirements of OAR 345-050-0060 and the
radioactive release limits of OAR 345-050-0100. To determine the cost of
monitoring the site, providing for its security after closure and, in the case
of a facility with a site certificate, ensuring performance of site certificate
conditions, the applicant shall base the estimate on the amount of investment
principal that would be required to produce proceeds sufficient to provide for
the cost of quarterly visits to the plant site by state regulatory agencies for
inspections and environmental sampling.
Notes
Stat. Auth.: ORS 469.470
Stats. Implemented: ORS 469.375
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