An owner or operator may use a financial assurance mechanism as specified in this chapter to meet the requirements of this chapter for more than one facility, provided that the facilities are of the same type. Evidence of financial assurance submitted to the executive director shall include a list showing, for each facility, the commission registration or permit number, name, address, and the amount of funds assured by the mechanism. The amount of funds available through the mechanism must be no less than the sum of funds that would be available if a separate mechanism had been established and maintained for each facility. In directing funds available through the mechanism for closure of any of the facilities covered by the mechanism, the executive director may direct only the amount of funds designated for that facility.

Source Note:The provisions of this §37.51 adopted to be effective December 30, 1996, 21 TexReg 12297.