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ti (b) Financial Assurance for Facility Closure The owner or operator shall demonstrate continuous compliance with 40 CFR 264.143 and . 145 or where applicable with 40 CFR 264.146, .149, .150, and .151 by providing documentation of financial assurance in at least the amount of the cost esti- mates required by Item 16 (a) , Part III, of this permit. (c) An owner or operator who fulfills the requirements of Item 16 (b) , Part III, of this permit by obtaining a letter of credit, surety bond, or insurance policy will be deemed to be without the required financial assurance in the event of a bankruptcy, insolvency, or a suspension or revocation of the license or charter of the issuing institution. The owner or operator must establish other financial assurance within 60 days of such events. (d) The owner or operator shall comply with all other financial responsibility and facility closure requirements of the Department when enacted. IV. STORAGE OF WASTES 1. General Conditions (a) Hazardous waste shall not be stored at the facility for longer than one year without written approval from the Department. (b) If a hazardous waste is stored at the facility longer than one year, the owner or operator shall submit to the California State Board of Equalization fees due and payable in conformance with Chapters 1-8, Part 22, Division 2, Revenue and Taxation Code and with Article 8, Chapter 30, Division 4, Title 22, California Administrative Code. 2. Storage in Containers (a) Conditions (1) Containers used for storing hazardous waste shall be in a condition such that the containers can be safely transported, handled, or moved. (2) If a container holding hazardous waste is not in good condition, or if it begins to leak, the owner or operator shall transfer the hazardous waste from this container to a container that is in good condition, or manage the waste in some other way that complies with the conditions of this permit. -18-