Ill. Admin. Code tit. 35, § 811.702
Release of Financial Institution
Effective Jan 13, 199418 Ill. Reg. 1308AUTHORITY: Implementing Sections 7.2, 21, 21.1, 22, 22.17, and 22.40 and authorized by Section 27 of the Environmental Protection Act [415 ILCS 5/7.2, 21, 21.1, 22, 22.17, 22.40, and 27].POLLUTION CONTROL BOARD
- a) An owner or operator substitutes alternative 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 owner or operator from the requirements of this Subpart pursuant to 35 Ill. Adm. Code 813.403(b).
The Agency shall release a trustee, surety, insurer or other financial institution when:
(Source: Amended in R93-10 at 18 Ill. Reg. 1308, effective January 13, 1994)