SECTION 37.141. Increase in Current Cost Estimate

Whenever the current cost estimate increases to an amount greater than the amount being provided in the financial assurance mechanism(s), the owner or operator must either cause the amount of the financial assurance to be increased and submit evidence of such increase to the executive director, or obtain additional financial assurance in accordance with this chapter to cover the increase. This adjustment must be made within 60 days after the owner or operator becomes aware, or is notified by the executive director, of the increase.

Source Note: The provisions of this §37.141 adopted to be effective December 30, 1996, 21 TexReg 12297; amended to be effective March 21, 2000, 25 TexReg 2347; amended to be effective February 13, 2003, 28 TexReg 1196