SECTION 37.9175. Financial Assurance Mechanisms for Reclamation

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Owners and operators subject to this subchapter may use any of the following financial assurance mechanisms to demonstrate financial assurance for reclamation:
(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 §37.9175 adopted to be effective August 3, 2006, 31 TexReg 5971

                    
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