1. (a) For non-governmental entity operators:

   1. (1) Surety bonds;
   2. (2) Irrevocable letters of credit; and
   3. (3) Trust funds;

2. (b) For governmental entity operators:

   1. (1) Surety bonds;
   2. (2) Irrevocable letters of credit;
   3. (3) Trust funds;
   4. (4) Pledges of Revenue; or
   5. (5) Budget Set Aside.

Financial Assurance Mechanisms may take the form of any one or a combination of the following:

Note: Authority cited: Sections 2775 and 2773.1, Public Resources Code. Reference: Section 2773.1(e), Public Resources Code.

History

1. New section filed 2-23-94 as an emergency; operative 2-23-94 (Register 94, No. 8). A Certificate of Compliance must be transmitted to OAL by 6-23-94 or emergency language will be repealed by operation of law on the following day.

2. Certificate of Compliance as to 2-23-94 order transmitted to OAL 6-22-94 and filed 8-3-94 (Register 94, No. 31).

3. Amendment of first paragraph and Note filed 5-24-2018; operative 7-1-2018 (Register 2018, No. 21).