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:
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 AGREEMENT, the Agreement is 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, Part 50, of the Code of Federal Regulations (10 CFR Part 50). These regulations, applicable to the Grantor, require that a holder of, or an applicant for, a license issued pursuant to 10 CFR Part 50 provide assurance that funds will be available when needed for required decommissioning activities. WHEREAS, the Grantor has elected to use a trust fund to provide [insert “all” or “part”] of such financial assurance for the facilities identified herein and also provide such additional decommissioning funds, not required by the NRC, as the Grantor may elect; WHEREAS, the Grantor, acting through its duly authorized officers, has selected the Trustee to be the trustee under this Agreement, and the Trustee is willing to act as trustee, NOW, THEREFORE, the Grantor and the Trustee agree as follows: Section 1. Definitions. As used in this Agreement: (a) The term “Grantor” means the NRC licensee who enters into this Agreement and any successors or assigns of the Grantor. (b) The term “Trustee” means the trustee who enters into this Agreement and any successor Trustee. Section