NAC444.68525. Financial assurance: Allowable mechanisms.

The mechanisms used to demonstrate financial assurance pursuant to NAC 444.685 must ensure that the money necessary to meet the cost of closure, postclosure and corrective action for known releases of contaminants will be available whenever it is needed. The financial assurance may be in the form of:

     1. A trust fund as described in NAC 444.6853;

     2. A surety bond guaranteeing payment or performance as described in NAC 444.68535;

     3. A letter of credit as described in NAC 444.6854;

     4. A policy of insurance as described in NAC 444.6855;

     5. A mechanism approved by the solid waste management authority pursuant to NAC 444.6856;

     6. An assumption of responsibility by the State as described in NAC 444.6857; or

     7. Any combination of the options listed in subsections 1 to 6, inclusive.

     (Added to NAC by Environmental Comm’n, 11-8-93, eff. 4-9-95)