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:
f this Agreement is invalid, it shall not affect the remaining provisions, which will remain valid and enforceable. DG-1348 Revision 1, Appendix A, Page A-16 IN WITNESS WHEREOF the parties have caused this Agreement to be executed by the respective officers duly authorized and the incorporate seals to be hereunto affixed and attested as of the date first written above. ATTEST: [Insert name of licensee (Grantor)] [Signature of representative of Grantor] [Title] [Title] [Seal] [Insert name of Trustee] [Signature of representative of Trustee] [Title] ATTEST: [Title] Seal] DG-1348 Revision 1, Appendix A, Page A-17 APPENDIX A-3.2 EXAMPLE OF STANDBY TRUST AGREEMENT TRUST AGREEMENT, the Agreement entered into as of [date] by and between [name of NRC licensee], a [name of State] [insert “corporation,” “partnership,” “association,” or “proprietorship”], herein referred to as the “Grantor,” and [name and address of an appropriate state or federal government agency or an entity that has the authority to act as trustee and whose trust operations are regulated or examined by a state or federal agency], the “Trustee.” WHEREAS, the U.S. Nuclear Regulatory Commission (NRC), an agency of the U.S. Government, pursuant to the Atomic Energy Act of 1954, as amended, and the Energy Reorganization Act of 1974, has promulgated regulations in Title 10 of the Code of Federal Regulations (10 CFR), Part 50, and 10 CFR Part 52. These regulations, applicable to the Grantor, require that a holder of, or an applicant for, a 10 CFR Part 50 or 10 CFR Part 52 license provide assurance that funds will be available when needed for required decommissioning activities. WHEREAS, the Grantor has elected to use a [insert “letter of credit,” “line of credit,” “surety bond,” “insurance policy,” “parent guarantee,” “certificate(s) of deposit,” or “deposit of government securities”] to provide [insert “all” or “part”] of such financial assurance for