Laserfiche WebLink
shall terminate no less than 120 days after the date that the <br />operator and the CIWMB received the notice of cancellation, as <br />evidenced by the return receipts. <br />(2) If the guarantee is cancelled, the operator shall <br />establish a ternate assurance as specified in section 22228 of <br />Article 1 of this Subchapter within 60 days after such notice. <br />(3) If the operator fails to provide alternate financial <br />assurance: <br />(A) The operator shall send notice of such failure by <br />certified mai- to the guarantor, and the CIWMB, witHin the same 60 <br />day period; and <br />(B) The guarantor must provide alternate assurance as <br />specified in section 22228 of Artic e 1 of this Subchapter within <br />60 days after the date o the operator°s notice. <br />(f) The CIWMB may require updated financial statements at any <br />time from a 2uarantor. If the CIWMB finds that the guarantor no <br />longer meets the iocai government rinanciai test or guarantee <br />requirements of sections 22249 and/or 22249.5 this Article, t e <br />CIWMB shaii nota y t e guarantor and operator of such in ing y <br />certified maid.. If the CIWMB notifies the guarantor and the <br />operator that t e guarantee is no longer acceptable, the operator <br />and guarantor shail shallcomply with section 22249.b (e) () and (3) of <br />this Article. <br />Only a guarantee for payTent, rather than performance of <br />work, may be combined with another payment mechanism to assure the <br />amount of required coverage specified in sections 22206, 22211, <br />22216, and/or 22221 of Subchapter 2. <br />t -v cited- Sections 40502 and 43601.5. Public Resources Code. <br />