R311-206-2. Declaration of Financial Assurance Mechanism

  (a) To demonstrate financial assurance, as required by 40 CFR 280, subpart H, owners or operators of petroleum storage tanks shall:

  (1) meet all requirements for participation in the Environmental Assurance Program, or

  (2) demonstrate financial assurance by an allowable method specified in 40 CFR 280, subpart H.

  (b) Owners or operators shall declare whether they will participate in the Environmental Assurance Program under Section 19-6-410.5, or show financial assurance by another method.

  (c) For the purposes of Subsection 19-6-412(6), all tanks at a facility shall be covered by the same financial assurance mechanism, and shall be considered to be in one area, unless the Director determines there is sufficient information so that releases from different tanks at the facility could be accurately differentiated.