40 Cfr 280.98 Surety Bond - Alaska

40 Cfr 280.98 Surety Bond is a legal document that was released by the Alaska Department of Environmental Conservation - a government authority operating within Alaska.

FAQ

Q: What is 40 CFR 280.98?A: 40 CFR 280.98 refers to a specific regulation under the U.S. Code of Federal Regulations related to underground storage tanks.

Q: What does the Surety Bond requirement in 40 CFR 280.98 mean?A: The Surety Bond requirement in 40 CFR 280.98 means that certain owners and operators of underground storage tanks in Alaska must provide a bond to cover financial responsibility for potential cleanup costs and damages.

Q: Who is required to provide a Surety Bond under 40 CFR 280.98 in Alaska?A: Certain owners and operators of underground storage tanks in Alaska are required to provide a Surety Bond.

Q: What is the purpose of the Surety Bond requirement in 40 CFR 280.98?A: The purpose of the Surety Bond requirement in 40 CFR 280.98 is to ensure that there are sufficient financial resources available to cover potential environmental cleanup costs and damages associated with underground storage tanks in Alaska.

Q: How does the Surety Bond requirement work under 40 CFR 280.98?A: Under 40 CFR 280.98, owners and operators of underground storage tanks must provide a bond from a surety or insurance company to cover the specified amount for financial responsibility. This bond serves as a guarantee that funds will be available for cleanup and damage costs if necessary.

Q: Are all underground storage tank owners and operators in Alaska required to provide a Surety Bond under 40 CFR 280.98?A: No, only certain owners and operators of underground storage tanks in Alaska are required to provide a Surety Bond under 40 CFR 280.98. The specific requirements depend on factors such as tank size and contents.