Owners and operators subject to this subchapter may use any of the following financial assurance mechanisms to demonstrate financial assurance for reclamation:
- (1) a trust agreement as specified in §37.9185 of this title (relating to Trust Fund Requirements);
- (2) a surety bond guaranteeing payment as specified in §37.9195 of this title (relating to Surety Bond Guaranteeing Payment Requirements);
- (3) an irrevocable standby letter of credit as specified in §37.9205 of this title (relating to Irrevocable Standby Letter of Credit Requirements);
- (4) insurance as specified in §37.9215 of this title (relating to Insurance Requirements);
- (5) a financial test as specified in §37.9225 of this title (relating to Financial Test Requirements); or
- (6) a corporate guarantee as specified in §37.9235 of this title (relating to Corporate Guarantee Requirements).
Source Note:The provisions of this §37.9175 adopted to be effective August 3, 2006, 31 TexReg 5971.