Whenever the closure cost estimate decreases to an amount less than the amount being provided in the financial assurance mechanism(s) as a result of changes in closure activities, the owner or operator may request a reduction in the amount of the financial assurance mechanism in writing to the executive director. Following written approval by the executive director, the amount of the mechanism may be reduced to the amount of the current closure cost estimate.

Source Note:The provisions of this §37.151 adopted to be effective December 30, 1996, 21 TexReg 12297.