Brighton Township, Beaver County
- County
- Beaver County
- Citation
- 195-137.18.D.7.e & 195-137.18.D.7.f (2023)
- Date of data entry
- May 31, 2024
- Source document
- View the ordinance (opens in a new tab)
Relevant text
"(e) The facility owner and/or operator shall post and maintain decommissioning funds in an amount equal to net decommissioning costs, provided that at no point shall decommissioning funds be less than 110% of decommissioning costs. The decommissioning funds shall be posted and maintained with a bonding company or federal or commonwealth chartered lending institution chosen by the facility owner and/or operator and participating landowner posting the financial security, provided that the bonding company or lending institution is authorized to conduct such business within the Commonwealth and is approved by the Township.
(f) Decommissioning funds may be in the form of a performance bond, surety bond, letter of credit, corporate guarantee or other form of financial assurance as may be acceptable to the Township."