NAC444.6851. Financial assurance: Estimate for cost of plan for closure; adjustments to estimate.

     1. The owner or operator shall obtain a detailed written estimate, in current dollars, of the cost of hiring a third person to close the largest area of all municipal solid waste landfill units within the site requiring a final cover as required by NAC 444.6891 at any time during the active life of the unit, in accordance with the plan for closure. The owner or operator shall notify the solid waste management authority that the estimate has been placed in the operating records of the disposal site.

     2. The estimate must equal the cost of closing the largest area of all municipal solid waste landfill units within the site requiring a final cover at any time during the active life of the unit when the extent and manner of its operation would make closure the most expensive, as indicated by the plan for closure.

     3. During the active life of the municipal solid waste landfill unit, the owner or operator shall annually adjust the estimate for inflation.

     4. The owner or operator shall increase the estimate and amount of financial assurance if changes to the plan for closure or conditions at the municipal solid waste landfill unit increase the maximum cost of closure at any time during the remaining active life of the unit.

     5. The owner or operator may reduce the estimate and amount of financial assurance if the estimate exceeds the maximum cost of closure at any time during the remaining life of the municipal solid waste landfill unit. The owner or operator shall notify the solid waste management authority that the justification for the reduction has been placed in the operating records of the site.

     6. The owner or operator of each municipal solid waste landfill unit shall establish financial assurance for closure of the municipal solid waste landfill unit in compliance with NAC 444.68525 to 444.6859, inclusive. The owner or operator shall provide continuous coverage for closure until released by the solid waste management authority from the requirements for financial assurance by demonstrating compliance with NAC 444.6893.

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