The amount of financial responsibility a person must establish under section 1 of this chapter for a hazardous waste landfill or a solid waste landfill must:

1. (1) be the greater of:

   1. (A) fifteen thousand dollars ($15,000) for each acre or part of an acre covered by the hazardous waste landfill or solid waste landfill; or

   2. (B) an amount determined by the commissioner that is sufficient to close the hazardous waste landfill or solid waste landfill in a manner that:

      1. (i) minimizes the need for further maintenance; and
      2. (ii) provides reasonable, foreseeable, and necessary maintenance during postclosure; and

2. (2) provide assurance of proper postclosure maintenance and monitoring for at least thirty (30) years after the hazardous waste landfill or solid waste landfill has ceased operations.

   [Pre-1996 Recodification Citation: 13-7-32-6(a).]

As added by P.L.1-1996, SEC.12.