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11.5 Record Keeping
Applicable records (copies) of financial responsibility for the mechanism used (refer to
the list of mechanisms shown under 9.4) for each tank must be maintained at the UST
facility, or they can be maintained offsite, provided they can be made available to an
authorized agent of Commerce upon request.
11.6 Additional Information
Information pertaining to the requirements for drawing on financial assurance
mechanisms, release from financial responsibility requirements, Bankruptcy or
incapacity of the owner or operator or provider of financial assurance, and
replenishment of guarantees, letters of credit, or surety bonds can be found under
sections 10.747 through 10.755 of the code.
Due to the legal and financial complexity of these mechanisms
the owner or operator is encouraged to consult with legal and
financial experts who are knowledgeable in the use and
application of all mechanisms demonstrating financial
responsibility, as well as other requirements covered under
Subchapter VII - Financial Responsibility.
Further information pertaining to financial responsibility can be
found at the Commerce website, or by contacting the
Director of the Bureau of Petroleum Products & Tanks @ 608-