40 CFR § 280.108 - Substitution of financial assurance mechanisms by owner or operator.

---
identifier: "/us/cfr/t40/s280.108"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "40 CFR § 280.108 - Substitution of financial assurance mechanisms by owner or operator."
title_number: 40
title_name: "Protection of Environment"
section_number: "280.108"
section_name: "Substitution of financial assurance mechanisms by owner or operator."
chapter_name: "ENVIRONMENTAL PROTECTION AGENCY"
subchapter_number: "I"
subchapter_name: "SOLID WASTES"
part_number: "280"
part_name: "TECHNICAL STANDARDS AND CORRECTIVE ACTION REQUIREMENTS FOR OWNERS AND OPERATORS OF UNDERGROUND STORAGE TANKS (UST)"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "42 U.S.C. 6912, 6991, 6991(a), 6991(b), 6991(c), 6991(d), 6991(e), 6991(f), 6991(g), 6991(h), 6991(i)."
regulatory_source: "80 FR 41623, July 15, 2015, unless otherwise noted."
cfr_part: "280"
---


# 280.108 Substitution of financial assurance mechanisms by owner or operator.

(a) An owner or operator may substitute any alternate financial assurance mechanisms as specified in this subpart, provided that at all times he maintains an effective financial assurance mechanism or combination of mechanisms that satisfies the requirements of § 280.93.

(b) After obtaining alternate financial assurance as specified in this subpart, an owner or operator may cancel a financial assurance mechanism by providing notice to the provider of financial assurance.