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.
Notes
Stat. Auth.: ORS 469.556
Stats. Implemented: ORS 469.470 & 469.501
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