Section 601.320  Financial Assurances for Institutional Controls

a)         Prior to the issuance of the license, the applicant shall provide for Department review and approval a copy of a binding arrangement, such as a lease, between the applicant and the disposal site owner that ensures that sufficient funds will be available to cover the costs of monitoring and any required maintenance during the institutional control period.  The binding arrangement will be reviewed periodically by the Department to ensure that changes in inflation, technology, and disposal facility operations are reflected in the arrangements.

b)         Subsequent changes to the binding arrangement specified in Section 601.320(a) relevant to institutional control shall be submitted to the Department for approval.