Substitution of financial assurance mechanisms by owner or operator

Rule 68a. Section 280.108 is amended to read as follows: Section 280.108. (a) An O/O may substitute any alternate financial assurance mechanisms as specified in this subpart if, at all times, the O/O maintains an effective financial assurance mechanism or combination of mechanisms that satisfies the requirements of section 280.93. (b) After obtaining alternate financial assurance as specified in this subpart, an O/O may cancel a financial assurance mechanism by providing notice to the provider of financial assurance. History: 1998-2000 AACS; 2018 AACS.