Illinois General Assembly - Illinois Compiled Statutes

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510 ILCS 77/17

(510 ILCS 77/17)

Sec. 17.

Financial responsibility.

Owners of new or modified lagoons
registered under the provisions of this Act shall establish and maintain
evidence of financial responsibility to provide for the closure of the lagoons
and the proper disposal of their contents within the time provisions outlined
in this Act.  Financial responsibility may be evidenced by any combination of
the following:

(1) Commercial or private insurance;

(2) Guarantee;

(3) Surety bond;

(4) Letter of credit;

(5) Certificate of Deposit or designated savings

account;

(6) Participation in a livestock waste lagoon closure

fund managed by the Illinois Finance Authority.

The level of surety required shall be determined by rule and be based upon
the volumetric capacity of the lagoon.   Surety instruments required under this
Section shall be required
after the effective date of rules adopted for the implementation of this Act.

(Source: P.A. 93-205, eff. 1-1-04.)