Document: NRC Regulatory Guide
Document ID: 8ebf2253-f3d2-4bcd-ac80-7cbf6ab8d420
Document Type: regulatory_guide
Title: Assuring the Availability of Funds for Decommissioning Nuclear Reactors + HISTORY –HISTORY 02/2022 – DG-1348 Revision 1, Proposed Revision 3 06/2018 – DG-1348 , Proposed Revision 3 11/2016 – Periodic Review of Revision 2 – Reviewed with no issues identified 01/2011 – DG-1229 , Proposed Revision 2 05/2001 – DG-1106 , Proposed Revision 1 05/1989 – DG-1003 , Proposed Revision 0 (Rev. 1)
Source: NRC Regulatory Guide Division 1
Source URL: https://www.nrc.gov/docs/ML2134/ML21347A081.pdf
Revision Date: 2023-05
Chapter: 
Section ID: RG-1.159
CFR Part: 
CFR Title: 

Content:
e of licensee] RESOLVED, that this Board of Directors hereby authorizes the President or such other employee of the Company as he may designate [insert name, as appropriate, “to enter into an escrow agreement,” or “to commence decommissioning activities at (name of facility)”] with the [insert name of escrow agent], in accordance with the terms and conditions described to this Board of Directors at this meeting and with such other terms and conditions as the President shall have approved with and upon the advice of Counsel. DG-1348 Revision 1, Appendix A, Page A-9 APPENDIX A-2 EXAMPLES OF CERTIFICATES OF DEPOSIT APPENDIX A-2.1 EXAMPLE OF NEGOTIABLE CERTIFICATE OF DEPOSIT PAYABLE AT THE EXPIRATION OF A SPECIFIED TIME CERTIFICATE OF DEPOSIT ______________________ (Financial Institution) Place ________________________________________ No. _______________ __________________ (Date) [Insert name of licensee or applicant] has deposited not subject to check ______ dollars ($ ) payable to the order of the holder in current funds not less than 30 days after date, upon surrender of this certificate properly endorsed, with interest at the rate of percent per annum from date to maturity only. The rate of interest payable hereunder is subject to change by the bank to such extent as may be necessary to comply with requirements of the Federal Reserve Board, made from time to time pursuant to the Federal Reserve Act. These funds are deposited for the purpose of providing financial assurance for the cost of decommissioning activities, as required under Title 10, Part 50, of the Code of Federal Regulations. Accordingly, this certificate will be renewed automatically unless written notice of (1) the default of the [insert name of licensee or applicant] on these obligations, (2) the termination of the facility license, or (3) the substitution of another financial assurance mechanism is received from [the name of licensee or applicant]. _________________________ Cashier or Officer