SECTION 336.738. Funding for Corrective Action

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(a) Sixty days prior to the initial receipt of waste, the licensee shall provide financial assurance for corrective action to address unplanned events that pose a risk to public health, safety, and the environment that may occur after the decommissioning and closure of the compact waste disposal facility or federal facility waste disposal facility.
(b) The payment schedule and amount shall be determined by the executive director. The amount shall not be less than $20 million at the time the disposal facility site is decommissioned. The commission at an open meeting shall review annually the amount for corrective action.
(c) Financial assurance under this section shall be established and maintained in accordance with Chapter 37, Subchapter T of this title (relating to Financial Assurance for Near-Surface Land Disposal of Low-Level Radioactive Waste).

Source Note: The provisions of this §336.738 adopted to be effective January 8, 2004, 29 TexReg 150

                    
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