ADEM shall release a trustee, bank, surety or other financial institution when either of the following occur:

1. (a) An owner or operator substitutes alternative financial assurance so that the total financial assurance for the facility is equal to or greater than the current cost estimate for closure and remediation, without counting the amounts to be released.
2. (b) ADEM releases the owner or operator from the requirements of 335-4-8-.02 and .03 following completion of closure or remediation.

Author: James L. Bryant

Statutory Authority: Code of Ala. 1975, §§22-40A-1 et seq.

History: New Rule: Filed June 30, 2004; effective August 4, 2004. Amended: Published June 28, 2024; effective August 12, 2024.