NAC444.68515. Financial assurance: Estimate for cost of program for postclosure; 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 conduct a program for postclosure for each of the municipal solid waste landfill units within the site in compliance with the plan for postclosure developed pursuant to NAC 444.6894. The estimate for postclosure used to demonstrate financial assurance pursuant to subsection 6 must account for the total costs of conducting the program for postclosure, including annual and periodic costs as described in the plan for postclosure over the entire period for postclosure. The owner or operator shall notify the solid waste management authority that the estimate has been placed in the operating records of the unit.

     2. The estimate for postclosure must be based on the most expensive costs of postclosure during the period for postclosure.

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

     4. The owner or operator shall increase the estimate for postclosure and amount of financial assurance if changes in the plan for postclosure or the conditions of the municipal solid waste landfill unit increase the maximum costs of postclosure.

     5. The owner or operator may reduce the estimate for postclosure and amount of financial assurance if the estimate exceeds the maximum costs of postclosure remaining over the period for postclosure. 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 unit.

     6. The owner or operator of each municipal solid waste landfill unit shall establish, in accordance with NAC 444.68525 to 444.6859, inclusive, financial assurance for the costs of postclosure as required by NAC 444.6894. The owner or operator shall provide continuous coverage for postclosure until released by the solid waste management authority from the requirements of financial assurance for postclosure by demonstrating compliance with subsection 3 of NAC 444.6894.

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