Washington § 70A.388.090 - Financial assurance — Generally.

Full text of Washington Revised Code of Washington § 70A.388.090 — Financial assurance — Generally., with citation guidance and answers to common questions.

§ 70A.388.090. Financial assurance — Generally.

(1) In making the determination of the appropriate level of financial assurance, the secretary shall consider: (a) Any report prepared by the department of ecology pursuant to RCW 70A.384.090; (b) the potential cost of decontamination, treatment, disposal, decommissioning, and cleanup of facilities or equipment; (c) federal cleanup and decommissioning requirements; and (d) the legal defense cost, if any, that might be paid from the required financial assurance.
(2) The secretary may establish different levels of required financial assurance for various classes of permit or license holders.
(3) The secretary shall establish by rule the instruments or mechanisms by which a person may demonstrate financial assurance as required by RCW 70A.388.080.
(4) To the extent that money in the site closure account together with the amount of money identified for repayment to the site closure account pursuant to RCW 70A.384.050 equals or exceeds the cost estimate approved by the department of health for closure and decommissioning of the commercial low-level radioactive waste disposal facility, the money in the site closure account together with the amount of money identified for repayment to the site closure account shall constitute adequate financial assurance for purposes of the department of health financial assurance requirements under RCW 70A.388.080.
[ 2020 c 20 s 1266; 2012 c 19 s 11; 2003 1st sp.s. c 21 s 2; 1992 c 61 s 4; 1990 c 82 s 3. Formerly RCW 70.98.098.]

Notes

Effective date—2012 c 19: See note following RCW 70A.384.010.

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Frequently Asked Questions About Washington § 70A.388.090

What does Revised Code of Washington § 70A.388.090 cover?

Section 70A.388.090 ("Financial assurance — Generally.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 70A.388.090?

A common citation format is "Revised Code of Washington § 70A.388.090" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

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No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

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Sources & Verification

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