Section 29.2168c. Reporting by owner or operator.

c. Section 280.110 is amended to read as follows:

Section 280.110. (a) An owner or operator shall submit the appropriate forms listed in section 280.111(b) documenting current evidence of financial responsibility to the director of the implementing agency as follows:

(1)     Within 30 days after the owner or operator identifies a release from an underground storage tank required to be reported under section 280.53 or 280.61.

(2)    If the owner or operator fails to obtain alternate coverage as required by this subpart, within 30 days after the owner or operator receives notice of:

(i)     Commencement of a voluntary or involuntary proceeding under title 11 (bankruptcy), U.S. Code, naming a provider of financial assurance as a debtor,

(ii)   Suspension or revocation of the authority of a provider of financial assurance to issue a financial assurance mechanism,

(iii)   Failure of a guarantor to meet the requirements of the financial test,

(iv)   Other incapacity of a provider of financial assurance, or

(3)   As required by sections 280.95(g) and 280.109(b).

(b)     An owner or operator must certify  compliance   with  the  financial responsibility requirements of this part as specified in the new tank notification form when notifying the appropriate state or local agency of the installation of a new underground storage tank under section 280.22.

(c)   The director of the implementing  agency  may  require  an  owner  or  operator to submit evidence of financial assurance as described in section 280.111(b) or other information relevant to compliance with this subpart at any time.

History: 1998-2000 AACS.