Utah Admin. Code R311-206-2 - Declaration of Financial Assurance Mechanism
(1) To demonstrate financial assurance, as
required by Section
19-6-412 and Subsection
19-6-407(2)(c),
owners or operators of petroleum storage tanks must:
(a) declare they will participate in the EAP
and meet the requirements for participation in the EAP under Sections
19-6-410.5,
19-6-428 and R311-206-4;
or
(b) demonstrate financial
assurance that meets the coverage amounts specified in
40 CFR
280.93, by an allowable method specified in
Section R311-206-5.
(2)
For the purposes of Subsection
19-6-412(6),
tanks at a facility must be covered by the same financial assurance mechanism,
and must be considered to be in one area, unless the director determines there
is sufficient information so that releases from different tanks at the facility
could be accurately differentiated.
Notes
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