<html> <head> <title>Rule 74:27:16:03 Written estimate for postclosure care costs.</title> <META NAME="Keywords" Content="Administrative Rules 74:27:16:03"> <META NAME="Description" Content="Administrative Rules 74:27:16:03 Written estimate for postclosure care costs."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>74:27:16:03.&nbsp;&nbsp;Written estimate for postclosure care costs.</b> The owner or operator of an existing facility or the applicant for a permit for a proposed facility shall provide the secretary with a detailed written estimate, in current dollars, of the cost of hiring a third party to perform the postclosure monitoring requirements&nbsp; in accordance with the postclosure plan developed to satisfy the requirements of §&nbsp;74:27:15:09. The postclosure cost estimate to demonstrate financial assurance is calculated by multiplying the annual cost estimate of postclosure care by 30 years. During the active life of the facility, the owner or operator shall annually adjust the postclosure cost estimate for inflation.</font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The owner or operator shall increase the postclosure cost estimate and the board or secretary may increase the amount of financial assurance provided under this chapter if changes to the postclosure plan or facility conditions increase the maximum cost of postclosure at any time over the postclosure life of the facility. The owner or operator may request a reduction in the postclosure cost estimate and the amount of financial assurance provided under this chapter if it can be demonstrated that the cost estimate exceeds the maximum cost of postclosure care at any time during the postclosure life of the facility.</font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The owner or operator shall keep a copy of the latest postclosure cost estimate at the facility or at a location approved by the secretary until the secretary notifies the owner or operator of release from postclosure financial assurance requirements under this chapter.</font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 17 SDR 8, effective July 26, 1990; 19 SDR 186, effective June 10, 1993; 20 SDR 56, effective October 24, 1993.</font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=34A-6-1.6">34A-6-1.6.</A></font></p> <p><font size=3 face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=34A-6-1.6">34A-6-1.6</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=34A-6-1.8">34A-6-1.8</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=34A-6-1.11">34A-6-1.11</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=34A-6-1.12">34A-6-1.12.</A></font></p> <p><font size=3 face="Times New Roman">&nbsp;</font></p> </div> </body> </html>