SECTION 252:653-11-12. Certificate of deposit

Latest version.

(a)   Certificate of deposit authorized. Financial assurance requirements may be satisfied through a certificate of deposit payable to the Department of Environmental Quality Revolving Fund, for the fully approved cost estimates for closure and/or corrective action. Such certificate shall be filed with the Office of the State Treasurer.
(b)   Chartered bank. The certificate of deposit shall be issued by a state or federally chartered bank, regulated and examined by a state or federal agency.
(c)   Additional requirements. Compliance with OAC 252:653-11-8(a)(5), (6), (7), and (13) is required.
(d)   Submit to DEQ. Documentation demonstrating compliance with (a) through (c) of this Section shall be submitted to DEQ.

[Source: Added at 35 Ok Reg 1333, eff 9-15-18]

                    
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