§ 807.604

Ill. Admin. Code tit. 35, § 807.604

Release of Financial Institution

Effective Nov 25, 19859 Ill. Reg. 18942AUTHORITY: Implementing Sections 5, 21.1 and 22 and authorized by Section 27 of the Environmental Protection Act [415 ILCS 5/5, 21.1, 22, and 27].POLLUTION CONTROL BOARD

a) An operator substitutes alternate financial assurance such that the total financial assurance for the site is equal to or greater than the current cost estimate without counting the amounts to be released; or,
b) The Agency releases the operator from the requirements of this Subpart.

The Agency will agree to release a trustee, surety, insurer or other financial institution when:

(Source: Amended at 9 Ill. Reg. 18942, effective November 25, 1985)