California Code of Regulations › Title 14 - Natural Resources › Division 7 - Department of Resources Recycling and Recovery › Chapter 6 - Permitting of Waste Tire Facilities and Waste Tire Hauler Registration and Tire Manifests › Article 9 - Financial Assurance Requirements for Closure of a Major Waste Tire Facility › Section 18472 - Closure Cost Estimate Adjustments

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) An operator shall increase the closure
				  cost estimate when changes to the closure plan increase the cost of
				  closure.
(b) An operator may reduce
				  the closure cost estimate when changes to the closure plan decrease the cost of
				  closure. The request for reduction shall be submitted with an application for
				  renewal or revision of the permit for approval by the Board or its
				  designee.
(c) Each year, an
				  operator shall submit to the Board or its designee, a report calculating the
				  increase in the closure cost estimate due to the inflation factor for the
				  previous calendar year.
The inflation factor is derived from the annual Implicit
					 Price Deflator for Gross National Product as published annually by the U.S.
					 Department of Commerce, in its Survey of Current Business. The inflation factor
					 is the result of dividing the latest annual published deflator by the deflator
					 for the previous year. The operator shall adjust the closure cost estimate for
					 inflation within 60 days of the anniversary date of the establishment of the
					 financial mechanism for closure costs. The operator shall increase the monetary
					 amount of the financial mechanism based on this inflation
					 factor.
(d) The mechanism(s)
				  used to demonstrate financial responsibility shall be updated, no more than 60
				  days after a change in the amount of the current closure cost estimate covered
				  by the mechanism(s).
1. New
					 section filed 2-10-92 as an emergency; operative 2-10-92 (Register 92, No. 21).
					 A Certificate of Compliance must be transmitted to OAL 6-9-92 or emergency
					 language will be repealed by operation of law on the following
					 day.
2. New section refiled 5-29-92 as an emergency; operative
					 6-8-92 (Register 92, No. 25). A Certificate of Compliance must be transmitted
					 to OAL by 10-6-92 or emergency language will be repealed by operation of law on
					 the following day.
3. New section refiled 9-28-92 as an emergency;
					 operative 10-6-92 (Register 92, No. 40). A Certificate of Compliance must be
					 transmitted to OAL by 2-3-92 or emergency language will be repealed by
					 operation of law on the following day.
4. New section refiled
					 1-25-93 as an emergency; operative 2-2-93 (Register 93, No. 5). A Certificate
					 of Compliance must be transmitted to OAL 6-2-93 or emergency language will be
					 repealed by operation of law on the following day.
5. Certificate of
					 Compliance as to 1-25-93 order transmitted to OAL 5-26-93; disapproved by OAL
					 on 6-22-93 (Register 93, No. 26).
6. New section filed 6-22-93 as an
					 emergency; operative 6-22-93 (Register 93, No. 26). A Certificate of Compliance
					 must be transmitted to OAL 10-20-93 or emergency language will be repealed by
					 operation of law on the following day.
7. Editorial correction of
					 HISTORY 4 (Register 93, No. 26).
8. Certificate of Compliance as to
					 6-22-93 emergency order including amendment of section heading and text
					 transmitted to OAL 9-23-93 and filed 11-3-93 (Register 93, No.
					 45).
Note: Authority cited: Sections
						40502
						and
						42820,
						Public Resources Code. Reference: Section
						42821,
						Public Resources Code.