NR 667.0115 HistoryHistory: CR 16-007: cr. Register July 2017 No. 739, eff. 8-1-17.
NR 667.0116NR 667.0116What shall I do with contaminated equipment, structure and soils? You shall properly dispose of or decontaminate all contaminated equipment, structures, and soils during the partial and final closure periods. By removing any hazardous wastes or hazardous constituents during partial and final closure, you may become a generator of hazardous waste and shall handle that waste following all applicable requirements of ch. NR 662.
NR 667.0116 HistoryHistory: CR 16-007: cr. Register July 2017 No. 739, eff. 8-1-17.
NR 667.0117NR 667.0117How do I certify closure? Within 60 days of the completion of final closure of each unit under a subch. J of ch. NR 670 standardized license, you shall submit to the department, by registered mail, a certification that each hazardous waste management unit or facility, as applicable, has been closed following the specifications in the closure plan. Both you and a qualified professional engineer shall sign the certification. You shall furnish documentation supporting the independent registered professional engineer’s certification to the department upon request until the department releases you from the financial assurance requirements for closure under s. NR 667.0143 (9).
NR 667.0117 HistoryHistory: CR 16-007: cr. Register July 2017 No. 739, eff. 8-1-17; correction made under s. 35.17, Stats., Register July 2017 No. 739.
subch. H of ch. NR 667Subchapter H — Financial Requirements
NR 667.0140NR 667.0140Who must comply with this subchapter, and briefly, what do they have to do?
NR 667.0140(1)(1)The requirements in this subchapter apply to owners and operators who treat or store hazardous waste under a subch. J of ch. NR 670 standardized license, except as provided in s. NR 667.0001 (2) or sub. (4).
NR 667.0140(2)(2)The owner or operator shall:
NR 667.0140(2)(a)(a) Prepare a closure cost estimate as required in s. NR 667.0142.
NR 667.0140(2)(b)(b) Demonstrate financial assurance for closure as required in s. NR 667.0143.
NR 667.0140(2)(c)(c) Demonstrate financial assurance for liability as required in s. NR 667.0147.
NR 667.0140(3)(3)The owner or operator shall notify the department if the owner or operator is named as a debtor in a bankruptcy proceeding under Title 11 of the United States Code (See also s. NR 667.0148).
NR 667.0140(4)(4)States and the federal government are exempt from the requirements of this subchapter.
NR 667.0140 HistoryHistory: CR 16-007: cr. Register July 2017 No. 739, eff. 8-1-17; correction in (1) made under s. 35.17, Stats., Register July 2017 No. 739.
NR 667.0141NR 667.0141Definitions of terms used in this subchapter. When used in this subchapter, the following terms have the following meanings:
NR 667.0141(1)(1)“Closure plan” means the plan for closure prepared according to the requirements of s. NR 667.0112.
NR 667.0141(2)(2)“Current closure cost estimate” means the most recent of the estimates prepared according to s. NR 667.0142 (1), (2), and (3).
NR 667.0141(4)(4)“Parent corporation” means a corporation that directly owns at least 50 percent of the voting stock of the corporation which is the facility owner or operator. The latter corporation is deemed a subsidiary of the parent corporation.
NR 667.0141(6)(6)The following terms are used in the specifications for the financial tests for closure and liability coverage. The definitions are intended to assist in the understanding of these regulations and are not intended to limit the meanings of terms in a way that conflicts with generally accepted accounting practices:
NR 667.0141(6)(a)(a) “Assets” means all existing and all probable future economic benefits obtained or controlled by a particular entity.
NR 667.0141(6)(b)(b) “Current plugging and abandonment cost estimate” means the most recent of the estimates prepared according to ch. NR 815.
NR 667.0141(6)(c)(c) “Independently audited” refers to an audit performed by an independent certified public accountant according to generally accepted auditing standards.
NR 667.0141(6)(d)(d) “Liabilities” means probable future sacrifices of economic benefits arising from present obligations to transfer assets or provide services to other entities in the future as a result of past transactions or events.
NR 667.0141(6)(e)(e) “Tangible net worth” means the tangible assets that remain after deducting liabilities. Tangible assets would not include intangibles such as goodwill and rights to patents or royalties.
NR 667.0141(7)(7)In the liability insurance requirements, the terms “bodily injury” and “property damage” shall have the meanings given these terms under state law. However, these terms do not include those liabilities which, consistent with standard industry practices, are excluded from coverage in liability policies for bodily injury and property damage. The department intends the meanings of other terms used in the liability insurance requirements to be consistent with their common meanings within the insurance industry. The following definitions of several of the terms are intended to assist in the understanding of these rules and are not intended to limit their meanings in a way that conflicts with general insurance industry usage:
NR 667.0141(7)(a)(a) “Accidental occurrence” means an accident, including continuous or repeated exposure to conditions, which results in bodily injury or property damage neither expected nor intended from the standpoint of the insured.
NR 667.0141(7)(b)(b) “Legal defense costs” means any expenses that an insurer incurs in defending against claims of third parties brought under the terms and conditions of an insurance policy.
NR 667.0141(7)(c)(c) “Sudden accidental occurrence” means an occurrence which is not continuous or repeated in nature.