Document: 10 CFR Part 50
Document ID: cafafdd2-a621-4cd2-a984-3e04c1025eaf
Document Type: cfr
Title: Reporting and recordkeeping for decommissioning planning.
Source: 10 CFR Part 50
Source URL: https://www.ecfr.gov/current/title-10/part-50/section-50.75
Revision Date: 
Chapter: 
Section ID: 50.75
CFR Part: 50
CFR Title: 10

Content:
e of its intention not to renew. The surety or insurance must also provide that the full face amount be paid to the beneficiary automatically prior to the expiration without proof of forfeiture if the licensee fails to provide a replacement acceptable to the NRC within 30 days after receipt of notification of cancellation. ( 2 ) The surety or insurance must be payable to a trust established for decommissioning costs. The trustee and trust must be acceptable to the NRC. An acceptable trustee includes an appropriate State or Federal government agency or an entity that has the authority to act as a trustee and whose trust operations are regulated and examined by a Federal or State agency. ( B ) A parent company guarantee of funds for decommissioning costs based on a financial test may be used if the guarantee and test are as contained in appendix A to 10 CFR part 30. ( C ) For commercial companies that issue bonds, a guarantee of funds by the applicant or licensee for decommissioning costs based on a financial test may be used if the guarantee and test are as contained in appendix C to 10 CFR part 30. For commercial companies that do not issue bonds, a guarantee of funds by the applicant or licensee for decommissioning costs may be used if the guarantee and test are as contained in appendix D to 10 CFR part 30. For non-profit entities, such as colleges, universities, and non-profit hospitals, a guarantee of funds by the applicant or licensee may be used if the guarantee and test are as contained in appendix E to 10 CFR part 30. A guarantee by the applicant or licensee may not be used in any situation in which the applicant or licensee has a parent company holding majority control of voting stock of the company. ( iv ) For a power reactor licensee that is a Federal licensee, or for a non-power production or utilization facility licensee that is a Federal, State, or local government licensee, a statement of intent containing a cost estimate for decommissioning, and