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State of California-California Environmental, —cection Agency Department of Toxic Substances Control <br /> INSTRUCTIONS FOR <br /> FINANCIAL GUARANTEE BOND - CLOSURE <br /> An owner or operator may satisfy the requirements of section 66265.143 by obtaining a surety bond <br /> for closure which conforms to the requirements of section 66265.143(b) and submitting the bond to <br /> the CUPA. <br /> a) The surety company issuing the bond shall, at a minimum, be among those listed as <br /> acceptable sureties on Federal bonds in Circular 570 of the U.S. Department of Treasury <br /> b) The wording shall be identical to the wording specified in section 66264,151(b). <br /> c) The penal sum of the surety bond shall be in an amount at least equal to the current closure <br /> cost estimate. ' <br /> d) The surety bond shall contain original signatures. <br /> e) The owner or operator who uses a surety bond shall also establish a standby trust agreement. <br /> This standby trust agreement shall meet the requirements of section 66265.143(a) and shall <br /> be worded as specified in section 66264.151(a)(1). <br /> f) The originally signed surety bond shall be submitted to the CUPA along with the originally <br /> signed duplicate of the standby trust agreement and the certification of acknowledgment. <br /> g) The closure cost for fixed treatment units (FTUs) should be included under the "facility" section <br /> of"facility/TTU". <br /> DTSC 1155U(01/29/2008) Instructions Page 1 of 2 <br />