NAC444.6858. Financial assurance: Use of multiple mechanisms.

     1. Except as otherwise provided in subsection 2, an owner or operator may satisfy the requirements of NAC 444.685 by establishing more than one mechanism for financial assurance per municipal solid waste landfill unit as specified in NAC 444.6853 to 444.6857, inclusive. The combination of mechanisms, rather than a single mechanism, must provide financial assurance for an amount at least equal to the current estimate of cost for closure, postclosure or corrective action, whichever is applicable.

     2. Any financial assurance provided by:

     (a) A corporate parent, if the entity holding the financial mechanism is a subsidiary of the corporate parent or a subsidiary of a subsidiary of the corporate parent; or

     (b) Another subsidiary of the corporate parent, if the entity holding the financial mechanism is a subsidiary of the same corporate parent,

Ê may not be combined if the financial statements of the two entities are consolidated.

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