OAR 345-095-0150
Financial Assurance


Before beginning construction of the uranium mill, the site certificate holder shall provide financial assurance, in a form and amount acceptable to the Council, sufficient to cover the cost of decommissioning the uranium mill and its associated facilities in accordance with OAR 345-095-0117 (Mill Decommissioning), 345-095-0118 (Mine Reclamation), and 345-095-0120 (Tailings Disposal) and to provide long term monitoring and maintenance in an amount specified in the site certificate.


When the site certificate holder has completed the decommissioning required in OAR 345-095-0117 (Mill Decommissioning), 345-095-0118 (Mine Reclamation) and 345-095-0120 (Tailings Disposal) and the state or federal government has accepted title to the site, the site certificate may be terminated as described in 345-027-0110 (Termination of a Site Certificate).


The adequacy of bonding or other funds shall be reviewed and adjusted by the Council annually following receipt of the site certificate holder’s financial report described in OAR 345-095-0160 (Financial Report).

Source: Rule 345-095-0150 — Financial Assurance, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=345-095-0150.

Last Updated

Jun. 8, 2021

Rule 345-095-0150’s source at or​.us