Form FACE-1 Financial Assurance Cost Estimate - California

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Instructions for Form FACE-1 Financial Assurance Cost Estimate - California

What Is Form FACE-1?

This is a legal form that was released by the California Department of Conservation - a government authority operating within California. Check the official instructions before completing and submitting the form.

FAQ

Q: What is FACE-1?A: FACE-1 stands for Financial Assurance Cost Estimate. It is a form used in California to estimate the financial assurance costs for reclamation, closure, and post-closure activities of certain facilities.

Q: Who needs to fill out the FACE-1 form?A: Facility owners or operators in California who are required to provide financial assurance for reclamation, closure, and post-closure activities need to fill out the FACE-1 form.

Q: What is the purpose of the FACE-1 form?A: The purpose of the FACE-1 form is to calculate the estimated costs for reclamation, closure, and post-closure activities of a facility and ensure that the necessary financial assurance is provided.

Q: What information is required in the FACE-1 form?A: The FACE-1 form requires information such as facility details, the estimated cost of reclamation, closure, and post-closure activities, and the method(s) used to estimate these costs.

Q: Are there any fees associated with submitting the FACE-1 form?A: Yes, there are fees associated with submitting the FACE-1 form. The specific fees depend on the size and type of the facility.

Q: Are there any penalties for not submitting the FACE-1 form?A: Yes, there may be penalties for not submitting the FACE-1 form or providing the required financial assurance. Facility owners or operators may face fines or other enforcement actions.

Q: Can the estimated costs in the FACE-1 form change over time?A: Yes, the estimated costs in the FACE-1 form can change over time. Facility owners or operators may need to update the form if there are significant changes in the projected costs.

Q: Do I need professional assistance to fill out the FACE-1 form?A: While professional assistance is not mandatory, it may be helpful to seek guidance from an environmental consultant or financial expert familiar with the requirements and calculations involved in filling out the FACE-1 form.

Q: Is the FACE-1 form specific to California?A: Yes, the FACE-1 form is specific to California. Other states may have similar forms or requirements for estimating financial assurance costs.