NAC444.6852. Financial assurance: Estimate for cost of plan for corrective action; adjustments to estimate.

     1. An owner or operator of a municipal solid waste landfill unit required to undertake a plan for corrective action pursuant to NAC 444.7497, 444.7498 and 444.7499, shall obtain a detailed written estimate, in current dollars, of the cost of hiring a third person to perform the corrective action in accordance with that plan. The estimate of the corrective action must account for the total cost of activities for corrective action as described in the plan for corrective action for the period of the plan. 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 owner or operator shall annually adjust the estimate for inflation until the plan for corrective action is completed in accordance with NAC 444.7497, 444.7498 and 444.7499.

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

     4. The owner or operator may reduce the amount of the estimate for corrective action and amount of financial assurance if the estimate exceeds the maximum remaining costs of the corrective action. 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.

     5. The owner or operator of each municipal solid waste landfill unit required to undertake a plan for corrective action pursuant to NAC 444.7497, 444.7498 and 444.7499, shall establish, in accordance with NAC 444.68525 to 444.6859, inclusive, financial assurance for the most recent plan for corrective action. The owner or operator shall provide continuous coverage for corrective action until released by the solid waste management authority from the requirements of financial assurance for corrective action by demonstrating compliance with NAC 444.7499.

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