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j = EHNN - SOLID WASTE MANAGEMENT DI /04/91 TI SA • 13B 1600 <br />it assures through a financial test, including but not limited to those <br />associated with hazardous waste treatment, storage, and disposal <br />facilities under 15A NCAC 13A Rules .0009 and .0010, petroleum <br />underground storage tank facilities under 15A NCAC 2N Sections f <br />.0100 through AM, Underground Injection Control facilities under <br />15A NCAC 2D Section .0400 and 15A NCAC 2C Section .0200, and <br />PCB storage facilities under 15A NCAC 20 Section .0100 and 15A <br />NCAC 2N Section .0100. <br />(vi) Annul updates of the financial test letter shall be placed in the <br />operating record within 120 days after the close of each succeeding <br />fiscal year. <br />(vii) If the unit of local government no longer meets the requirements of <br />Parts (i), (ii), and (iii) of this ". ragraph, the unit of local government <br />shall notify the Division of intent to establish alternate financial <br />assurance within 120 days after the end of the fiscal year for which the <br />year-end financial state show that the unit of local government no <br />j - -- longer meets the requirements. The unit of local government shall <br />provide alternate financial assurance within 150 days after the end of <br />said fiscal yeas. <br />(viii) The unit of local government is no longer required to comply with the <br />requirements of this Put if alternate financial assurance is substituted <br />as specified in this Rule or if the unit of local government is no longer <br />required: to demonstrate financial responsibility in accordance with <br />Paragraph (b)(Z), (c)(2) or (d)(2) of this Rule. <br />Corporate uat -aw. <br />[Resetveod] <br />(H) Local Government Guarantee. <br />[Reserved] <br />(1) Capital Re terve Fund. <br />(i) MSWLF units owned or operated by -units of local government or <br />public authority may satisfy the requirements of this Paragraph by <br />establishing a capital reserve fund which conforms to the requirements <br />of this Part. The unit of local government or public authority must be <br />an witity which has the authority to establish a capital reserve fund <br />under authority of G.S. 159 and whose financial operations are <br />regulated and examined by a State agency. The capital reserve fiord <br />roust be established consistent with auditing, budgeting and government <br />accounting practices as prescriber] in G.S. 159 and by the Local <br />Government Commission. A copy of the capital reserve fund <br />-- ordinance or resolution with a certified copy of the meeting mimrstes <br />and a copy of documentation of initial and subsequent year's deposits <br />must be placed in the MSWL.F's operating record_ <br />(ii) Payments into the capital reserve fund must be made annually by the <br />unit of local government or public authority over the term of the initial <br />permit or over the remaining life of the MSWLF unit, in the case of a <br />capital reserve fund for closure or post - closure care, or over one -half <br />of the estimat!ed.leegth of the corrective action program in the case of <br />corrective action for kwwa rdeasrs. This period is referred to as the <br />pay in period. The pay -in period shall not extend beyond December <br />31, 1997 for an existing MSWLF unit not designed and constructed <br />with a base liter system approved by the Division. <br />(iii) For a capital reserve fund used to de moaaarate ftnancW assurance for <br />closure and post - closure care, the first payment into the fund must be `— <br />Page 116 <br />