Financial assurance definition

Financial assurance means a commitment of funds or resources by an operator to a regulatory authority that satisfies the requirements in s. 14 and is sufficient to pay for reclamation activities required by this chapter.

Financial assurance means the mechanisms used to

Financial assurance means a performance bond, escrow, cash, certificate of deposit, irrevocable letter of credit, corporate guarantee, or other equivalent security, or any combination thereof.

Examples of Financial assurance in a sentence

• Financial assurance shall be provided by the operator and shall be by a bond or an alternate financial assurance.

• Financial assurance is required for each site and two or more sites of less than one acre by the same operator, except that governmental units are not required to obtain financial assurance.

• The instrument must include requirements for periodic monitoring reports to be submitted to the district engineer, who will provide copies to other IRT members.(3) Financial assurance and long-term management funding report.

• Financial assurance may be provided by cash in the form of a secured trust fund or local government dedicated fund, surety bond, letter of credit, or corporate or local government guarantee as follows:a.

• Financial assurance arrangements may include, at the discretion of the Administering Agency, a blend of different options for financial assurance including a lien on the property on which the nonmetallic mining site occurs or a combination of financial assurance methods.

More Definitions of Financial assurance

Financial assurance means the mechanisms used to demonstrate that the funds necessary to meet the cost of closure, postclosure maintenance and monitoring, and corrective action will be available whenever they are needed.

Financial assurance means a remedial action that consists of an assurance provided to ecology under WAC 173-340-440(11) that suffi- cient financial resources are available to provide for the long-term effectiveness of engineered or institutional controls.

Financial assurance means one or more of,

Financial assurance means a security required under the Environmental Protection Act 1994 by the administering authority to cover the cost of rehabilitation or remediation of disturbed land or to secure compliance with the environmental authority.

Financial assurance means reasonable assurance from a credit worthy party, examples of which include a surety bond, trust instrument, cash escrow, or irrevocable letter of credit.

Financial assurance means the financial assurance (whether in the form of a bond, letter of credit, cash or otherwise) required pursuant to any Act.

Financial assurance means a commitment of funds or re- sources by an operator to a regulatory authority that satisfies the requirements in s. NR 135.40 and is sufficient to pay for reclama- tion activities required by this chapter.