§258.75. Discounting.
40 C.F.R. § 258.75
The Director of an approved State may allow discounting of closure cost estimates in § 258.71(a), post-closure cost estimates in § 258.72(a), and/or corrective action costs in § 258.73(a) up to the rate of return for essentially risk free investments, net of inflation, under the following conditions:
The State Director determines that cost estimates are complete and accurate and the owner or operator has submitted a statement from a Registered Professional Engineer so stating;
The State finds the facility in compliance with applicable and appropriate permit conditions;
The State Director determines that the closure date is certain and the owner or operator certifies that there are no foreseeable factors that will change the estimate of site life; and
Discounted cost estimates must be adjusted annually to reflect inflation and years of remaining life.
Notes, amendments, and revision history
Amendments
[61 FR 60339, Nov. 27, 1996]
Source
Source: 56 FR 51029, Oct. 9, 1991, unless otherwise noted.
Authority
Authority: 33 U.S.C. 1345(d) and (e); 42 U.S.C. 6902(a), 6907, 6912(a), 6944, 6945(c) and 6949a(c), 6981(a).
Source
Source: 56 FR 51016, Oct. 9, 1991, unless otherwise noted.
Amendments
[61 FR 60339, Nov. 27, 1996]