Section 93.707. Allowable mechanisms and combinations of mechanisms.

 

(1)  Subject to the limitations of subs. (3) and (4) , an owner or operator may use any one or combination of the mechanisms listed in ss. ATCP 93.710 to 93.735 to demonstrate financial responsibility under this subchapter for 1 or more storage tank systems.

(2)  Subject to the limitations of subs. (3) and (4) , a local government owner or operator may use any one or combination of the mechanisms listed in ss. ATCP 93.727 to 93.735 to demonstrate financial responsibility under this subchapter for 1 or more storage tank systems.

(3)  An owner or operator may use a guarantee or surety bond to establish financial responsibility only if "for value received" is included in the guarantee or surety bond mechanisms.

(4)  An owner or operator may use self-insurance in combination with a guarantee only if, for the purpose of meeting the requirements of the financial test under this subchapter, the financial statements of the owner or operator are not consolidated with the financial statements of the guarantor.

CR 07-029 : cr. Register November 2008 No. 635 , eff. 2-1-09; correction in (1), (2) made under s. 13.92 (4) (b) 7. , Stats., Register December 2011 No. 672 ; corrections in (1), (2) made under s. 13.92 (4) (b) 7. , Stats., Register October 2013 No. 694 .