Texas Administrative Code

Texas Administrative Code

TITLE 30	ENVIRONMENTAL QUALITY
PART 1	TEXAS COMMISSION ON ENVIRONMENTAL QUALITY
CHAPTER 37	FINANCIAL ASSURANCE
SUBCHAPTER W	FINANCIAL ASSURANCE FOR QUARRIES
RULE §37.9180	Financial Assurance Requirements for Restoration

Owners and operators subject to this subchapter may use any of the following financial assurance mechanisms to demonstrate financial assurance for restoration:

(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 §37.9180 adopted to be effective August 3, 2006, 31 TexReg 5971