15A NCAC 02O .0503      INCAPACITY OF OWNER OR OPERATOR OR PROVIDER OF ASSURANCE

(a)  40 CFR 280.114 entitled "Bankruptcy or Other Incapacity of Owner or Operator or Provider of Financial Assurance is incorporated by reference, excluding subsequent amendments and editions. This document may be accessed at www.ecfr.gov/cgi-bin/ECFR?page=browse at no charge.

(b)  Within 30 days after receipt of notification that the Commercial Leaking Petroleum Underground Storage Tank Cleanup Fund has become incapable of paying for assured corrective action or third‑party compensation costs, the owner or operator shall obtain financial assurance for the full amounts specified in 40 CFR 280.93.

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

Eff. July 1, 1992;

Readopted Eff. January 1, 2021.