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25 <br />V1. FINANCIAL RESPONSIBILITY <br />I. Cost estimate for facility closure. <br />(a) The owner or operator shall have a written estimate of the <br />cost of closing the facility in accordance with the applicable <br />closure requirements of this document. The owner or operator <br />shall keep this estimate, and all subsequent estimates, at the <br />facility. The estimate shall equal the cost of closure at the <br />point in the facility's operating life when the extent and <br />manner of its operation would make closure the most expensive, <br />as indicated by its closure plan. <br />(b) The owner or operator shall prepare a new closure cost estimate <br />whenever a change in the closure plan affects the cost of <br />closure. <br />(c) On each anniversary of the effective date of this document, <br />the owner or operator shall adjust the latest closure cost <br />estimate using an inflation factor derived from the annual <br />Implicit Price Deflator for Gross National. Product as published <br />by the U.S. Department of Commerce in its Survey of Current <br />Business. The inflation factor shall be calculated by dividing <br />the latest published annual Deflator by the Deflator for the <br />previous year. The result is the inflation factor. The adjusted <br />closure cost estimate shall equal the latest closure cost esti- <br />mate (see Item 1(b)) times the inflation factor. <br />