Financial assurance definition
Financial assurance means the mechanisms used to
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 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 estimates must be reviewed and approved by the City Engineer prior to scheduling the associated agreement for review and final action by the City Council.
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 money or other form of financial instrument (e.g., surety bonds, trust funds, escrow accounts, proof of stable revenue sources for public agencies) required of the sponsor to ensure that the functions of the bank are achieved and maintained over the long term.
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.