(a) The owner fails to establish alternate financial assurance within sixty (60) days after receiving notice of cancellation of the guarantee, surety bond, letter of credit, or, as applicable, other financial assurance mechanism; and

(b) The Director determines or suspects that a release from an underground storage tank covered by the mechanism has occurred and so notifies the owner or operator, or the owner or operator has notified the Director of a release from an underground storage tank covered by the assurance mechanism.

(a) The Director makes a final determination that a release has occurred, that corrective action for the release is needed, and the owner or operator, after appropriate notice and opportunity to comply, has not conducted the required corrective action under Chapter 62; or

(b) The Director has received either of the following:

(1) Certification that a third-party liability claim should be paid, in accordance with § 6712.3(b)(1); or

(2) A valid final court order establishing a judgment against the owner or operator, and the Director determines that the owner or operator has not satisfied the judgment.

(a) The Director makes a final determination that a release has occurred and immediate or long-term corrective action for the release is needed, and the owner or operator, after appropriate notice and opportunity to comply, has not conducted corrective action as required under Chapter 62; or

(b) The Director has received either of the following:

(1) Certification from the owner, the third-party liability claimant(s), and the attorney(s) representing the owner and the third-party liability claimant(s) that a third-party liability claim should be paid. The certification shall be in the form prescribed in Appendix 67-9

to this chapter; or

(2) A valid final court order establishing a judgment against the owner or operator for bodily injury or property damage caused by an accidental release from an underground storage tank covered by financial assurance under this chapter, and the Director determines that the owner or operator has not satisfied the judgment.

SOURCE: Final Rulemaking published at 43 DCR 2799 (May 24, 1996), incorporating text of Proposed Rulemaking published at 42 DCR 5765, 5779 (October 20, 1995); as amended by Final Rulemaking published at 46 DCR 7699 (October 1, 1999).