California § 79182. 79182. (Added by Stats. 2022, Ch. 257, Sec. 2.)

California Statutes

§ 79182. — 79182. (Added by Stats. 2022, Ch. 257, Sec. 2.)

California § 79182.

JurisdictionCalifornia

Code HSCHealth and Safety Code - HSC

Div. 45.DIVISION 45. HAZARDOUS SUBSTANCE RESPONSE

Part 2.PART 2. HAZARDOUS SUBSTANCE ACCOUNT

Ch. 5.CHAPTER 5. Cleanup of Hazardous Substance Releases

Art. 11.ARTICLE 11. Financial Assurances

This text of California § 79182. (79182. (Added by Stats. 2022, Ch. 257, Sec. 2.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Health and Safety Code - HSC Code § 79182. (2026).

Text

(a)When submitting a feasibility study, a responsible party shall include a cost estimate for the response action.

(b)The responsible party shall demonstrate financial assurances within 90 days of approval of a feasibility study and shall maintain financial assurances until all required response actions are complete, as determined by the department.

(c)

(1)For purposes of subdivision (b), the responsible party shall demonstrate and maintain one or more of the financial assurance mechanisms set forth in subdivisions (a) to (e), inclusive, of Section 66265.143 of Title 22 of the California Code of Regulations.

(2)

(A)As an alternative to the financial assurance requirement of paragraph (1), a responsible party may demonstrate and maintain financial assurances by means of a financial assu

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(a)
When submitting a feasibility study, a responsible party shall include a cost estimate for the response action.
(b)
The responsible party shall demonstrate financial assurances within 90 days of approval of a feasibility study and shall maintain financial assurances until all required response actions are complete, as determined by the department.
(c)
(1)
For purposes of subdivision (b), the responsible party shall demonstrate and maintain one or more of the financial assurance mechanisms set forth in subdivisions (a) to (e), inclusive, of Section 66265.143 of Title 22 of the California Code of Regulations.
(2)
(A)
As an alternative to the financial assurance requirement of paragraph (1), a responsible party may demonstrate and maintain financial assurances by means of a financial assurance mechanism other than those described in paragraph (1), if the alternative financial assurance mechanism has been submitted to, and approved by, the department as being at least equivalent to the financial assurance mechanisms described in paragraph (1).
(B)
The department shall evaluate the equivalency of the proposed alternative financial assurance mechanism principally in terms of the certainty of the availability of funds for required corrective action activities and the amount of funds that will be made available. The department shall require the owner or operator to submit any information deemed necessary by the department to make a determination regarding the equivalency of
the proposed alternative financial assurance mechanism.

Legislative History

Added by Stats. 2022, Ch. 257, Sec. 2. (AB 2293) Effective January 1, 2023. Operative January 1, 2024, pursuant to Sec. 4 of Stats. 2022, Ch. 257.

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Bluebook (online)

California § 79182., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/HSC/79182..