Or. Admin. R. 345-095-0150 - Financial Assurance

(1) Before beginning construction of the uranium mill, the site certificate holder shall provide financial assurance, in a form and amount acceptable to the Council, sufficient to cover the cost of decommissioning the uranium mill and its associated facilities in accordance with OAR 345-095-0117, 345-095-0118, and 345-095-0120 and to provide long term monitoring and maintenance in an amount specified in the site certificate.
(2) When the site certificate holder has completed the decommissioning required in OAR 345-095-0117, 345-095-0118 and 345-095-0120 and the state or federal government has accepted title to the site, the site certificate may be terminated as described in OAR 345-027-0110.
(3) The adequacy of bonding or other funds shall be reviewed and adjusted by the Council annually following receipt of the site certificate holder's financial report described in OAR 345-095-0160.


Or. Admin. R. 345-095-0150
EFSC 2-1980, f. & ef. 2-28-80; EFSC 1-2007, f. & cert. ef. 5-15-07

Stat. Auth.: ORS 469.556

Stats. Implemented: ORS 469.470 & 469.501

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