Whenever the current cost estimate decreases to an amount less than the amount being provided in the financial assurance mechanism(s) as a result of changes in the closure, post closure, or corrective action, plan or activities, the owner or operator may submit a written request for a reduction in the amount of the financial assurance to the executive director. Following written approval by the executive director, the amount of the financial assurance may be reduced to the amount of the current cost estimate. The revised current cost estimate must be adjusted for inflation as specified by this subchapter.

Source Note:The provisions of this §37.151 adopted to be effective December 30, 1996, 21 TexReg 12297; amended to be effective March 21, 2000, 25 TexReg 2347.