General
Overview
Owners or operators of scrap tire facilities should refer to
Subchapter M of Chapter 37 
which establishes requirements and
mechanisms for demonstrating financial assurance for closure, post
closure, and corrective action coverage.
An owner or operator that is subject to financial assurance must
submit an originally signed financial assurance mechanism prior to
issuance of a registration. The signed financial assurance
mechanism must be in effect at the time it is submitted.
Questions? We
Can Help
If you have questions about financial assurance for scrap tire
sites, please contact us.
Types of Financial
Assurance Mechanisms
The description of how various financial assurance mechanisms
work and their specific criteria are set out in
Subchapter C of Chapter 37. The required wording of the mechanisms can
be reviewed and downloaded from
Subchapter D of Chapter 37.
Annual
Inflation Adjustments
Annual inflation adjustments are required during the active life
of the facility.
Wording of
Mechanisms
The financial assurance mechanism you submit to us must be
worded exactly as set out in our Rules except that the instructions
in parenthesis are to be replaced with the relevant information and
the parenthesis deleted. One way to ensure that your mechanism is
worded correctly is to download the document from our web site and
inform your financial institution not to add or delete language.
Please be advised that our agency cannot accept the financial
assurance mechanism if it does not incorporate the exact language
as set out in our Rules.
