30 Tex. Admin. Code § 37.9175 - Financial Assurance Mechanisms for Reclamation
Owners and operators subject to this subchapter may use any of the following financial assurance mechanisms to demonstrate financial assurance for reclamation:
(1) a trust
agreement as specified in §
37.9185 of this title (relating to
Trust Fund Requirements);
(2) a
surety bond guaranteeing payment as specified in §
37.9195 of this title (relating to
Surety Bond Guaranteeing Payment Requirements);
(3) an irrevocable standby letter of credit
as specified in §
37.9205 of this title (relating to
Irrevocable Standby Letter of Credit Requirements);
(4) insurance as specified in §
37.9215 of this title (relating to
Insurance Requirements);
(5) a
financial test as specified in §
37.9225 of this title (relating to
Financial Test Requirements); or
(6) a corporate guarantee as specified in
§
37.9235 of this title (relating to
Corporate Guarantee Requirements).
Notes
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