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different procedures followed. <br /> 4. Cessation of Infection Activities After a cessation of <br /> injection of two (2) years, the permittee shall plug and <br /> abandon the well in accordance with the Plugging and <br /> Abandonment Plan, unless it: <br /> (a) Provides notice to the Director; and <br /> (b) Has demonstrated that the well will be used in the <br /> future, and <br /> (c) Has described actions or procedures, satisfactory to <br /> the Director, that will be taken to ensure that the <br /> well will not endanger USDWs during the period of <br /> temporary abandonment. <br /> Y. FINANCIAL RESPONSIBILITY <br /> 1. Demonstration of Financial Responsibility The permittee <br /> is required to, maintain financial responsibility and <br /> resources to close, plug, and abandon the underground <br /> injection operation as provided in the plugging and <br /> abandonment-plan. .- <br /> (a) The -permittee -shall maintain a bond rating within <br /> the- four highest categories of standard aid Poor' s <br /> (AAA, AA, .A, or BB) or Moody's (Aaa, Aa, A, or Baa) . <br /> If the most recent bond rating does not fall within <br /> the four- highest categories, then the permittee <br /> shall post a financial instrument such as a bond, <br /> letter of credit, or a trust fund to guarantee <br /> closure of the well. <br /> (bs) The permittee must provide proof to the EPA of its <br /> bond rating or renewal every year by March 31. <br /> 2. Insolvency of Financial Institution The permittee must <br /> submit an- instrument of. financial responsibility <br /> acceptable to the Director within sixty (60) days after <br /> either of the following events occur: <br /> (a) the- institution issuing the bond or financial <br /> • instrument files for bankruptcy; or <br /> (b) the authority of the trustee institution to act as <br /> Page 15 of 31 <br /> UIC Permit #CA194000002 <br />