15A NCAC 02O .0203      DEFINITIONS

(a)  The definitions in 40 CFR 280.92 are hereby incorporated by reference, except as modified below. The federal regulation may be accessed at www.ecfr.gov/cgi-bin/ECFR?page=browse at no charge.

(1)           "Director of the Implementing Agency" shall mean the Director of the Division of Waste Management.

(2)           "Financial reporting year" shall be modified to allow a compilation report to be used to support a financial test. The compilation report shall be prepared by a Certified Public Accountant (CPA) or Certified Public Accounting Firm (CPA Firm) as defined in 21 NCAC 08A .0301.

(b)  The following definitions shall apply throughout this Subchapter:

(1)           "Independent" Certified Public Accountant or Certified Public Accounting Firm shall mean a CPA or CPA firm that examines the financial records and business transactions of an owner, operator or guarantor for whom the CPA or CPA firm is not affiliated.

(2)           "Financial assurance" shall mean per occurrence and annual aggregate amounts of financial responsibility, collectively.

History Note:        Authority G.S. 143‑215.94A; 143‑215.94H;

Eff. July 1, 1992;

Readopted Eff. January 1, 2021.