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Code of Federal Regulations Title 40. Protection of Environment § 40.258.75 Discounting

Current as of January 02, 2025 | Updated by Findlaw Staff

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:

(a) 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;

(b) The State finds the facility in compliance with applicable and appropriate permit conditions;

(c) 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

(d) Discounted cost estimates must be adjusted annually to reflect inflation and years of remaining life.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 40. Protection of Environment § 40.258.75 Discounting - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-40-protection-of-environment/cfr-sect-40-258-75/

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