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:
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 Note: The negotiable Certificate of Deposit should be in the possession of the trustee of the concurrently created standby trust or the escrow agent of an escrow account. The certificate should be for a limited time period, such as 1 to 5 years, so that the face value can be adjusted. DG-1348 Revision 1, Appendix A, Page A-10 APPENDIX A-2.2 EXAMPLE OF NONNEGOTIABLE CERTIFICATE OF DEPOSIT PAYABLE ON A CERTAIN DATE CERTIFICATE OF DEPOSIT (Financial Institution) Certificate of Deposit _________________________, 20__ [Insert name of licensee or applicant] has deposited in the financial institution the sum of _______________ dollars ($ ________), payable to [state regulatory agency (if the agency can hold special funds under applicable state law), trustee of standby trust, or escrow agent] _________________ months after date, with interest thereon at the rate of _____ percent per annum from date, upon presentation of this certificate properly endorsed. 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 the licensee or applicant]. Cashier or Officer Note: The certificate should be for a limited time period, such as 1 to 5 years, so that the face value can be adjusted. DG-1348 Revision 1, Appendix A, Page A-11 APPENDIX A-3 EXAMPLES OF TRUST FUND AND STANDBY TRUST AGREEMENTS APPENDIX A-3.1 EXAMPLE OF TRUST FUND AGREEMENT TRUST