An owner or operator subject to this subchapter may utilize a(n):
- (1) trust fund (fully-funded or pay-in trust);
- (2) surety bond guaranteeing payment;
- (3) surety bond guaranteeing performance;
- (4) irrevocable letter of credit;
- (5) insurance;
- (6) financial test; or
- (7) corporate guarantee, as specified in Subchapter C of this chapter (relating to Financial Assurance Mechanisms for Closure) to demonstrate financial assurance for closure.
Source Note:The provisions of this §37.931 adopted to be effective December 30, 1996, 21 TexReg 12297.