NAC444A.410. Estimate of costs for closure; demonstration of financial assurance; modification of estimate of costs for closure.

     1. The owner or operator of a facility for the management of waste tires shall estimate the costs of processing and removing or disposing of all waste tires or material derived from waste tires at the facility. The owner or operator shall base the estimate on:

     (a) The maximum amount of waste tires and material which is derived from waste tires stored at the facility at any time; and

     (b) The possibility of having to hire another person to perform the work.

     2. The estimate of costs must be approved by the solid waste management authority and revised annually to adjust for inflation.

     3. The owner or operator of the facility shall demonstrate adequate financial assurance to close the facility based on the estimate of costs set forth in subsection 1.

     4. The owner or operator of the facility shall increase the estimate of costs for closure and the amount of financial assurance provided if changes in the plan for closure or conditions at the facility increase the maximum costs of closure.

     5. The owner or operator of the facility may reduce the estimate of costs for closure and the amount of financial assurance if the estimate of costs exceeds the maximum costs of closure at any time during which the facility will remain in operation. An owner or operator who wishes to reduce an estimate shall notify the solid waste management authority that the justification for reducing the estimate of costs for closure and the amount of financial assurance has been noted in the records required to be kept by NAC 444A.380.

     (Added to NAC by Environmental Comm’n, eff. 12-15-94)