|(a) If at any time after a standby trust is funded upon the
instruction of the executive director with funds drawn from a guarantee, local
government guarantee with standby trust, letter of credit, or surety bond,
and the amount in the standby trust is reduced below the full amount of coverage
required, the owner or operator shall by the anniversary date of the financial
mechanism from which the funds were drawn:
(1) replenish the value of financial assurance to equal the
full amount of coverage required; or
(2) acquire another financial assurance mechanism for the amount
by which funds in the standby trust have been reduced.
(b) For purposes of this section, the full amount of coverage
required is the amount of coverage specified in §37.815 of this title
(relating to Amount and Scope of Required Financial Assurance). If a combination
of mechanisms was used to provide the assurance funds which were drawn upon,
replenishment shall occur by the earliest anniversary date among the mechanisms.